None M Company's highest point of the total costwas $80,000 in June. Their point lowest costwas $65,000 in January. The company makesa single product. Production volumes in Juneand January were 16,000 and 8,000 units,respectively.What is the fixed cost per month?

Step 1: Define Highest CostThe highest price for manufacturing an item or service is called the…

Answered: M Company's highest point of the total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...

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M Company's highest point of the total cost was $80,000 in June. Their point lowest cost was $65,000 in January. The company makes a single product. Production volumes in June and January were 16,000 and 8,000 units, respectively. What is the fixed cost per month?