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The manufacturing cost of Calico Industries for three months of the year are provided below.   Total Cost Production (units) April $116,500 279,700 May 85,700 164,000 June 104,900 241,900 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.49 per unit and $20,491 b. $4.86 per unit and $4,098 c. $0.27 per unit and $40,981 d. $2.70 per unit and $4,098

The manufacturing cost of Calico Industries for three months of the year are provided below.   Total Cost Production (units) April $116,500 279,700 May 85,700 164,000 June 104,900 241,900 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.49 per unit and $20,491 b. $4.86 per unit and $4,098 c. $0.27 per unit and $40,981 d. $2.70 per unit and $4,098

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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The manufacturing cost of Calico Industries for three months of the year are provided below.

 

Total Cost

Production (units)
April $116,500 279,700
May 85,700 164,000
June 104,900 241,900

Using the high-low method, the variable cost per unit and the total fixed costs are

a. $0.49 per unit and $20,491
b. $4.86 per unit and $4,098
c. $0.27 per unit and $40,981
d. $2.70 per unit and $4,098
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