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Determine the estimated variable cost rate

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Reference no: EM133154070

Question - The Western Company presents the production and cost data for the first six months of the 2015.

Month

Units produced

Mixed costs ($)

January

15000

45000

February

18000

56000

March

22000

60000

April

16000

48000

May

30000

75000

June

26000

62000

Required - Using the high-low point method, determine the followings:

1. Estimated variable cost rate.

2. Fixed cost.

3. Also determine the cost function based on data given above.

Reference no: EM133154070

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