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Stiever Corp has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,762 $ 36,688 August 36,688 58,032 September 43,524 66,495 October 26,598 45,942 November 48,360 78,585 December 45,942 74,958 Compute the variable cost per unit using the high- low method. (Round the variable cost per unit to 2 decimal places, e.g. 1.25.) Compute the fixed cost elements using the high-low method.

Stiever Corp has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,762 $ 36,688 August 36,688 58,032 September 43,524 66,495 October 26,598 45,942 November 48,360 78,585 December 45,942 74,958 Compute the variable cost per unit using the high- low method. (Round the variable cost per unit to 2 decimal places, e.g. 1.25.) Compute the fixed cost elements using the high-low method.

FINANCIAL ACCOUNTING
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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Stiever Corp has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,762 $ 36,688 August 36,688 58,032 September 43,524 66,495 October 26,598 45,942 November 48,360 78,585 December 45,942 74,958 Compute the variable cost per unit using the high- low method. (Round the variable cost per unit to 2 decimal places, e.g. 1.25.) Compute the fixed cost elements using the high-low method.
Transcribed Image Text:Stiever Corp has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 21,762 $ 36,688 August 36,688 58,032 September 43,524 66,495 October 26,598 45,942 November 48,360 78,585 December 45,942 74,958 Compute the variable cost per unit using the high- low method. (Round the variable cost per unit to 2 decimal places, e.g. 1.25.) Compute the fixed cost elements using the high-low method.
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