MonthJanuaryFebruaryMarchAprilEstimate unit variable costs:$240/unit$76.67/unit$73.33/unitUnits produced68588878not enough information - need to know the mix of fixed and variable costs$115/unitTotal cost$10,400$10,500$12,700$12,800

Answered: Image /qna-images/answer/46384b34-f8c0-4dea-b6f6-ee4d2f370171.jpgVariable cost per unit = (Highest activity cost - Lowest activity cost)/(Highest activity units - Lowest activity units) Variable cost per unit = ($12,700 - $10,500)/(88-58) Variable cost per unit = $2,200/30 Variable cost per unit = $73.33/unit Hence, the correct option is $73.33/unit.

Business

Accounting

Month January February March April Estimate unit variable costs: $240/unit $73.33/unit Units produced 68 58 88 78 O $76.67/unit O not enough information - need to know the mix of fixed and variable costs $115/unit Total cost $10,400 $10,500 $12,700 $12,800

Month January February March April Estimate unit variable costs: $240/unit $73.33/unit Units produced 68 58 88 78 O $76.67/unit O not enough information - need to know the mix of fixed and variable costs $115/unit Total cost $10,400 $10,500 $12,700 $12,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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