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The manufacturing costs of Calico Industries for three months of the year are provided below:   Total Cost Production (units) April $113,700 281,300       May 80,700 165,900       June 105,000 243,500       Using the high-low method, the variable cost per unit and the total fixed costs are a.$2.90 per unit and $3,212 b.$0.29 per unit and $32,123 c.$0.52 per unit and $16,062 d.$5.22 per unit and $3,212

The manufacturing costs of Calico Industries for three months of the year are provided below:   Total Cost Production (units) April $113,700 281,300       May 80,700 165,900       June 105,000 243,500       Using the high-low method, the variable cost per unit and the total fixed costs are a.$2.90 per unit and $3,212 b.$0.29 per unit and $32,123 c.$0.52 per unit and $16,062 d.$5.22 per unit and $3,212

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 $113,700 281,300      
May 80,700 165,900      
June 105,000 243,500      

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

a.$2.90 per unit and $3,212
b.$0.29 per unit and $32,123
c.$0.52 per unit and $16,062
d.$5.22 per unit and $3,212
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