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The manufacturing costs of Calico Industries for three months of the year are provided below:   Total Cost Production (units) April $115,400 283,100       May 85,500 164,800       June 108,000 241,900       Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.45 per unit and $22,313 b.$2.50 per unit and $4,463 c.$0.25 per unit and $44,625 d.$4.50 per unit and $4,463

The manufacturing costs of Calico Industries for three months of the year are provided below:   Total Cost Production (units) April $115,400 283,100       May 85,500 164,800       June 108,000 241,900       Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.45 per unit and $22,313 b.$2.50 per unit and $4,463 c.$0.25 per unit and $44,625 d.$4.50 per unit and $4,463

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 costs of Calico Industries for three months of the year are provided below:

  Total Cost Production (units)
April $115,400 283,100      
May 85,500 164,800      
June 108,000 241,900      

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

a.$0.45 per unit and $22,313
b.$2.50 per unit and $4,463
c.$0.25 per unit and $44,625
d.$4.50 per unit and $4,463 
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