The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $85, 160 1,600 Units May 89,064 2, 240 Units June 95,225 3,250 Units (a) Using the high - low method, determine the variable cost per unit. Round your answers to two decimal places. $ fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs. $ fill in the blank 2

The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April $85, 160 1,600 Units May 89,064 2, 240 Units June 95,225 3,250 Units (a) Using the high - low method, determine the variable cost per unit. Round your answers to two decimal places. $ fill in the blank 1 per unit (b) Using the high-low method, determine total fixed costs. $ fill in the blank 2

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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