Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Total Cost $ 27,900 26,300 18,800 23,700 26,500 32,140 27,000 26,200 Month April May June July August September October November a Fixed Cost Units 8,250 6,650 4,050 Required: a. Using the high-low method, calculate the total fixed cost per month and variable cost per unit. Note: Round your variable cost to 2 decimal places. b. What would the total cost be for a month with 5,250 units produced? Note: Do not round intermediate calculations. Vanable Cost 5,850 7,250 8,650 3,050 7,050 per month Iner unit
Silver Products has collected the following cost data for various levels of activity over the past eight months of operations: Total Cost $ 27,900 26,300 18,800 23,700 26,500 32,140 27,000 26,200 Month April May June July August September October November a Fixed Cost Units 8,250 6,650 4,050 Required: a. Using the high-low method, calculate the total fixed cost per month and variable cost per unit. Note: Round your variable cost to 2 decimal places. b. What would the total cost be for a month with 5,250 units produced? Note: Do not round intermediate calculations. Vanable Cost 5,850 7,250 8,650 3,050 7,050 per month Iner unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Silver Products has collected the following cost data for various levels of activity over the past eight months of operations.
Month
April
May
June
July
August
September
October
November
8,250
6,650
4,050
a Fixed Cost
a Vanable Cost
b. Total Costs
5,850
7,250
8,650
8,050
7,050
Total Cost
$ 27,900
26,300
18,800
23,700
26,500
32,140
27,000
26,200
Required:
a. Using the high-low method, calculate the total fixed cost per month and variable cost per unit.
Note: Round your variable cost to 2 decimal places.
b. What would the total cost be for a month with 5,250 uni
produced?
Note: Do not round intermediate calculations.
per month
per unit
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