The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $114,550 2,140 Units May 121,000 3,000 June 131,050 4,340 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.
The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $114,550 2,140 Units May 121,000 3,000 June 131,050 4,340 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.
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 | $114,550 | 2,140 | Units |
| May | 121,000 | 3,000 | |
| June | 131,050 | 4,340 |
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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