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Sheridan Gravity Grips produces spike sets for track shoes. Cho Brittany Sheridan has gathered the following information abou
(b) Your answer is incorrect. Compute the total fixed marketing cost. (For computation puposes round variable cost to 2 decim
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Answer #1

ANSWER

USING HIGH - LOW METHOD

VARIABLE COST = COST @ HIGH VOLUME - COST @ LOW VOLUME / HIGH VOLUME - LOW VOLUME

= $7755 - $6063 / 77,400 - 49,200

= $0.06 PER UNIT

TOTAL COST = VARIABLE COST + FIXED COST

$7755 = 0.06 * 77400 UNITS + FIXED COST

FIXED COST = $7755 - $4644

= $3,111

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