Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit $enter the variable cost per unit in dollars rounded to 2 decimal places (B) Compute the fixed cost elements using the high-low method.
Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per unit $enter the variable cost per unit in dollars rounded to 2 decimal places (B) Compute the fixed cost elements using the high-low method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Sunland Corp. has collected the following data concerning its maintenance costs for the past 6 months.
|
Units Produced
|
Total Cost
|
|||||||
|---|---|---|---|---|---|---|---|---|
| July | 18,060 | $33,913 | ||||||
| August | 32,096 | 48,144 | ||||||
| September | 36,108 | 55,165 | ||||||
| October | 22,066 | 38,114 | ||||||
| November | 40,120 | 74,724 | ||||||
| December | 38,114 | 62,186 |
(A) Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)
| Variable cost per unit |
$enter the variable cost per unit in dollars rounded to 2 decimal places
|
(B) Compute the fixed cost elements using the high-low method.
| Fixed costs |
$enter the fixed costs in dollars
|
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