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The manufacturing costs of Schroeder Industries for the first three months of the year follow: Line Item Description Total Costs Units Produced January $363,780 3,010 units February 483,420 5,260 March 565,880 7,310 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.a.  Variable cost per unit fill in the blank 1 of 2$b.  Total fixed cost fill in the blank 2 of 2$

The manufacturing costs of Schroeder Industries for the first three months of the year follow: Line Item Description Total Costs Units Produced January $363,780 3,010 units February 483,420 5,260 March 565,880 7,310 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.a.  Variable cost per unit fill in the blank 1 of 2$b.  Total fixed cost fill in the blank 2 of 2$

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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The manufacturing costs of Schroeder Industries for the first three months of the year follow:

Line Item Description Total Costs Units Produced
January $363,780 3,010 units
February 483,420 5,260
March 565,880 7,310

Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost.

a.  Variable cost per unit fill in the blank 1 of 2$
b.  Total fixed cost fill in the blank 2 of 2$

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