High-Low Method The manufacturing costs of Gregory Industries for three months of the year are...
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Accounting
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below.
Total Costs Production
January $147,420 2,340 units
February 180,840 4,460
March 229,320 6,240
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 $_______
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