Homework Answers
Answer :
| Variable cost per unit | $4.00 |
| Fixed cost | $4,600 |
Explanation:
Highest activity level = 450 appointment ; $6,400.
Lowest activity level = 250 appointment ; $5,600.
Variable cost = ( Highest activity cost - Lowest activity cost) / (Highest activity units - Lowest activity units)
= ($6,400 - $5,600) / (450 - 250)
= $4.00 per unit.
Total cost formula = (Variable cost per unit * units) + Fixed costs
Considering highest level of activity.
$6,400 = ($ 4 * 450 units) + Fixed costs
Fixed costs = $6,400 - $1,800
= $4,600.
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