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High-Low Method The manufacturing costs of Ackerman Industries for the first three months of the year...

High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
 Total CostsUnits ProducedJanuary$211,510 1,710 units February150,480 950 March234,080 2,850 
Using the high-low method, determine (a) the variable cost per unit and (b) the totalfixed cost. Round all answers to the nearest whole dollar.
a.  Variable cost per unit$b.  Total fixed cost

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Answer #1

Please note that in this question we have been given total cost and Units produced during three months. For High low method we will compare between highest cost production and lowest production and their difference will give Variable cost per unit. Quatity Cot Cost per unit 2850 234,080 82.13 950 150,480 158.40 Highest Lowest Difference 190083,600 44.00 This is the Variable cost per unit Fixed costs Total costs-(Variable cost per unit * Units produced) 234,080 (44 2850) 108,680

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