The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $120,000 280,000 May 74,000 165,000 June 90,900 230,000 Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.40 per unit and $8,000 b.$0.78 per unit and $4,000 c.$7.80 per unit and $4,000 d.$4.00 per unit and $800
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $120,000 280,000 May 74,000 165,000 June 90,900 230,000 Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.40 per unit and $8,000 b.$0.78 per unit and $4,000 c.$7.80 per unit and $4,000 d.$4.00 per unit and $800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The manufacturing cost of Calico Industries for three months of the year are provided below.
Using the high-low method, the variable cost per unit and the total fixed costs are
| Total Cost | Production (units) | |
| April | $120,000 | 280,000 |
| May | 74,000 | 165,000 |
| June | 90,900 | 230,000 |
Using the high-low method, the variable cost per unit and the total fixed costs are
a.$0.40 per unit and $8,000
b.$0.78 per unit and $4,000
c.$7.80 per unit and $4,000
d.$4.00 per unit and $800
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