The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $97,208 1,560 Units May 98,324 2,180 June 100,106 3,170 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit b. Using the high-low method, determine the total fixed costs.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The manufacturing costs of Mocha Industries for three months of the year are as follows:
Total Cost
Production
April
$97,208
1,560 Units
May
98,324
2,180
June
100,106
3,170
a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places.
per unit
b. Using the high-low method, determine the total fixed costs.
Transcribed Image Text:The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $97,208 1,560 Units May 98,324 2,180 June 100,106 3,170 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. per unit b. Using the high-low method, determine the total fixed costs.
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