Using the High-Low method, calculate the total fixed costs and variable cost per unit based on the following production data: Months Total Cost ($) Units Produced June 390,000 12,000 July 570,000 22,000 August 480,000 18,000 September 630,000 26,000 October 450,000 16,000 What are the total fixed costs? a. $150,000 b. $210,000 c. $180,000 d. None of the above

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
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Using the High-Low method, calculate the total fixed costs and variable cost
per unit based on the following production data:
Months
Total Cost ($) Units Produced
June
390,000
12,000
July
570,000
22,000
August 480,000
18,000
September 630,000
26,000
October
450,000
16,000
What are the total fixed costs?
a. $150,000
b. $210,000
c. $180,000
d. None of the above
Transcribed Image Text:Using the High-Low method, calculate the total fixed costs and variable cost per unit based on the following production data: Months Total Cost ($) Units Produced June 390,000 12,000 July 570,000 22,000 August 480,000 18,000 September 630,000 26,000 October 450,000 16,000 What are the total fixed costs? a. $150,000 b. $210,000 c. $180,000 d. None of the above
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