The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $102,926 1,860 Units May 105,960 2,600 June 110,798 3,780 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $fill in the blank 1 per unit b. Using the high-low method, determine the total fixed costs. $fill in the blank 2
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $102,926 1,860 Units May 105,960 2,600 June 110,798 3,780 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $fill in the blank 1 per unit b. Using the high-low method, determine the total fixed costs. $fill in the blank 2
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...
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The
Total Cost | Production | ||
April | $102,926 | 1,860 | Units |
May | 105,960 | 2,600 | |
June | 110,798 | 3,780 |
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.
$fill in the blank 1 per unit
b. Using the high-low method, determine the total fixed costs.
$fill in the blank 2
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