Using the high-low method The manufacturing costs of Carrefour Enterprisesfor the first three months of the year follow:Total Costs Units ProducedJune$437,000July563,0003,900 units6,700 units4,700 unitsAugust 450,000Using the high-low method, determine (a) thevariable cost per unit and (b) the total fixed cost.

Concept of High-Low MethodThe high-low method is a cost estimation technique used to separate fixed…

Answered: The manufacturing costs of Carrefour…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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The manufacturing costs of Carrefour Enterprises for the first three months of the year follow: Total Costs Units Produced June $437,000 July 563,000 3,900 units 6,700 units 4,700 units August 450,000 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.