The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 400 February 800 March 1,600 April 2,400 $31,000 $37,000 $49,000 $61,000 What is the estimated variable cost of sales per unit sold using the high-low method?

The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales January 400 February 800 March 1,600 April 2,400 $31,000 $37,000 $49,000 $61,000 What is the estimated variable cost of sales per unit sold using the high-low method?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Use the high low method & provide answer

The following information is available for a company's
cost of sales over the last five months.
Month Units sold Cost of sales
January 400
February 800
March
1,600
April
2,400
$31,000
$37,000
$49,000
$61,000
What is the estimated variable cost of sales per unit sold
using the high-low method?

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