Pharoah Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,700 $43,397 August 38,560 57,840 September 43,380 66,275 October 26,510 45,790 November 48,200 89,772 December 45,790 74,710
Pharoah Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,700 $43,397 August 38,560 57,840 September 43,380 66,275 October 26,510 45,790 November 48,200 89,772 December 45,790 74,710
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Pharoah Corp. has collected the following data concerning its maintenance costs for the past 6 months.
Units Produced
|
Total Cost
|
|||||||
---|---|---|---|---|---|---|---|---|
July
|
21,700 | $43,397 | ||||||
August
|
38,560 | 57,840 | ||||||
September
|
43,380 | 66,275 | ||||||
October
|
26,510 | 45,790 | ||||||
November
|
48,200 | 89,772 | ||||||
December
|
45,790 | 74,710 |
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Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
Variable cost per unit
$
(a2)
Compute the fixed cost elements using the high-low method.
Fixed costs"
Transcribed Image Text:(a1)
Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
Variable cost per unit
$
(a2)
Compute the fixed cost elements using the high-low method.
Fixed costs
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