Solution-Calculate the total fixed cost per month

Calculate the total fixed cost per month

Reference no: EM132720518

Problem - Sandy's Socks makes the world's best socks. Information for the last eight months follows:

Month	Number of Socks Produced	Total Cost
January	8,000	$7,000
February	4,500	5,000
March	7,000	6,250
April	8,600	7,750
May	3,750	5,000
June	6,000	6,250
July	3,000	4,250
August	5,000	5,750

Required - Using the high-low method, calculate the total fixed cost per month and the variable cost per sock.

Reference no: EM132720518

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Calculate the total fixed cost per month

Reference no: EM132720518

Reference no: EM132720518

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