Use the following data and the high-low method to determine total fixed costs: Units Total Produced...
Use the following data and the high-low method to determine total fixed costs:
| Units | Total | |
| Produced | Costs | |
| January | 1000 | $45,550 |
| February | 1500 | $52,000 |
| March | 2100 | $61,500 |
| April | 1800 | $62,000 |
| May | 750 | $41,250 |
Homework Answers
Variable cost per unit
= (Cost at highest activity - Cost at lowest activity)/(Highest activity-Lowest activity)
= (61,500-41,250)/(2100-750) = 20,250/1350
= $15 per unit
Total Cost = Total Variable cost + Fixed cost
61,500 = (15*2100) + Fixed cost
Fixed cost = 61,500 - 31,500
= $30,000
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