Royal Enterprises has presented the following information for the past three months operations: Month June July August Units Total Cost 2,000 4,000 $ $ 24,000 6,000 $ 20,000 32,000 1. Using the high-low method, calculate the fixed cost per month and variable cost per unit. 2. What would total costs be for a month with 5,000 units produced?
Royal Enterprises has presented the following information for the past three months operations: Month June July August Units Total Cost 2,000 4,000 $ $ 24,000 6,000 $ 20,000 32,000 1. Using the high-low method, calculate the fixed cost per month and variable cost per unit. 2. What would total costs be for a month with 5,000 units produced?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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