The table below shows monthly data collected on production costs and on the number of units  produced over a twelve month period. Month Total Production cost Lev)el of Activity (Units produce July $230,000 3,500 August 250,000 3,750 Septemer 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The table below shows monthly data collected on production costs and on the number of units 
produced over a twelve month period.

Month Total Production cost Lev)el of Activity (Units produce
July $230,000 3,500
August 250,000 3,750
Septemer 260,000 3,800
October 220,000 3,400
November 340,000 5,800
December 330,000 5,500
January 200,000 2,900
February 210,000 3,300
March 240,000 3,600
April 380,000 5,900
May 350,000 5,600
June 290,000 5,000

a) Determine the variable cost per unit and the fixed cost using the high-low method. 


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