The manufacturing costs of Calico Industries for three months of the year are provided below: Total...

Question

Question

The manufacturing costs of Calico Industries for three months of the year are provided below:

Using the high-low method, the variable cost per unit and the total fixed costs are

a.$0.59 per unit and $13,612

b.$3.30 per unit and $2,722

c.$5.94 per unit and $2,722

d.$0.33 per unit and $27,223

Answer 1

Answer #1


Variable cost per unit Highest- Lowest method

= Highest cost - lowest cost / (highest units - lowest units)

=($118600-82300)/ (276900-166300)

=$0.33 per unit

Therefore Fixed Costs = $118600- (276900*0.33)
	=$27223

Correct Option : d

Answer 2

Similar Homework Help Questions

June The manufacturing costs of Calico Industries for three months of the year are provided below:...

June The manufacturing costs of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $119,500 275,400 May 89,700 161,900 96,500 238,300 Using the high-low method, the variable cost per unit and the total fixed costs are Oa. $0.47 per unit and $23,948 Ob. $0.26 per unit and $47,896 Oc. $2.50 per unit and $4,790 Od. $4.68 per unit and $4,790
The manufacturing cost of Calico Industries for three months of the year are provided below: Total...

The manufacturing cost of Calico Industries for three months of the year are provided below: Total Cost Production (units) April $120,000 280,000 May 74,000 165,000 June 90,900 230,000 Using the high-low method, the variable cost per unit and the total fixed costs are a. $0.40 per unit and $8,000 b. $4.00 per unit and $800 c. $0.78 per unit and $4,000 d. $7.80 per unit and $4,000
The manufacturing cost of Mocha Industries for three months of the year are provided below: Total...

The manufacturing cost of Mocha Industries for three months of the year are provided below: Total Cost Production April 1,370 Units $75,005 78,580 May 1,920 Units June 84,170 2,780 Units (a) Using the high-low method, determine the variable cost per unit. Round your answers to two decimal places. per unit (b) Using the high-low method, determine total fixed costs.

The manufacturing costs of Heather Industries for three months of the year are provided below. Total...

The manufacturing costs of Heather Industries for three months of the year are provided below. Total Costs Production January $140,400 585 units February 175,810 1,160 March 218,400 1,885 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost $
High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided...

High-Low Method The manufacturing costs of Fuld Industries for three months of the year are provided below. January February March Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round Total Costs $223,200 302,310 347,200 Production 1,200 units 2,290 3,200 all answers to the nearest whole dollar. a. Variable cost per unit b. Total fixed cost
The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total...

The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $400,140 2,145 units February 470,390 4,010 March 622,440 6,045 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $ b. Total fixed cost $

The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total...

The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $106,020 2,170 units February 132,760 3,270 March 164,920 5,270 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. a. Variable cost per unit $ b. Total fixed cost $
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total...

The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $196,560 1,690 units February 286,320 2,690 March 305,760 4,290 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost
The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total...

The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $494,590 5,240 units February 483,840 2,940 March 752,640 7,140 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost $

The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Prod...

The manufacturing costs of Ackerman Industries for the first three months of the year follow: Total Costs Units Produced January $225,720 1,485 units February 236,500 2,760 March 351,120 4,785 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit $ b. Total fixed cost $