The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $89,945 2,010 Units May 93,545 2,810 Units June 99,260 4,080 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. per unit (b) Using the high-low method, determine total fixed costs. %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The manufacturing cost of Mocha Industries for three months of the year are provided below:
Total Cost
Production
April
$89,945
2,010 Units
May
93,545
2,810 Units
June
99,260
4,080 Units
(a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places.
per unit
(b) Using the high-low method, determine total fixed costs.
%24
Transcribed Image Text:The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $89,945 2,010 Units May 93,545 2,810 Units June 99,260 4,080 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. per unit (b) Using the high-low method, determine total fixed costs. %24
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