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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 $
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Answer #1
Total cost incurred
units Produced Costs incurred
High level of activity                                    4,785 $3,51,120
Low level of activity                                    1,485 $2,25,720
Change                                    3,300 $1,25,400
Variable maintainance cost per unit produced =$125,400 / 3,300 =$38 per unit produced
Fixed cost element =$351,120 - (4785*$38)
Fixed cost element =$351,120 - $181,830 =$169,290
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