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 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

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