The manufacturing costs of Calico Industries for 3 months of the year are as follows: Total Cost Production (units) April $115,500 284,700 May 86,700 167,500 June 100,400 239,300 Using the high-low method, the variable cost per unit and the total fixed costs are Round your intermediate calculations to two decimal places.

The manufacturing costs of Calico Industries for 3 months of the year are as follows: Total Cost Production (units) April $115,500 284,700 May 86,700 167,500 June 100,400 239,300 Using the high-low method, the variable cost per unit and the total fixed costs are Round your intermediate calculations to two decimal places.

FINANCIAL ACCOUNTING

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ISBN:9781259964947

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Chapter1: Financial Statements And Business Decisions

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Question

The manufacturing costs of Calico Industries for 3 months of the year are as follows:
Total Cost
Production (units)
April
$115,500
284,700
May
86,700
167,500
June
100,400
239,300
Using the high-low method, the variable cost per unit and the total fixed costs are
Round your intermediate calculations to two decimal places.
a. $0.45 per unit and $22,163, respectively
b. $4.50 per unit and $4,433, respectively
c. $2.50 per unit and $4,433, respectively
d. $0.25 per unit and $44,325, respectively

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