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 Costs | Units Produced | |||
| January | $106,920 | 1,320units | ||
| February | 117,490 | 2,270 | ||
| March | 166,320 | 3,520 | ||
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 | $______ |
Homework Answers
Variable cost = (Cost at highest activity - Cost at lowest activity) / (Highest activity-Lowest activity)
= (166320-106920)/(3520-1320)
= 27
Total Cost = Variable + Fixed
166,320 = (3520*27) + Fixed
Fixed = 71,280
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