Answered: The manufacturing costs of Callico… | bartleby

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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Question

The manufacturing costs of Callico Industries for three months of the year are provided below:
Total Cost
Production (units)
April
$119,100
283,700
May
92,000
168,600
June
101,600
233,700
Using the high-low method, the variable cost per unit and the total fixed costs are
a. $0.24 per unit and $51,012
Ob. $2.40 per unit and $5,101
Oc. $4.32 per unit and $5,101
d. $0.43 per unit and $25,506

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