ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
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Kindly help me with this General accounting questions not use chart gpt please fast given solution
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
Please provide the correct answer to this general accounting problem using accurate calculations.
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