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Determine the variable cost per unit

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Reference no: EM132716418

Problem - The manufacturing costs of Lightfoot Industries for three months of the year follow:

 

Total Costs

Units Produced

January

$640,000

30,000 units

February

900,000

40,000

March

350,000

12,500

Required - Using the high-low method, determine (a) the variable cost per unit (b) the total fixed cost.

Reference no: EM132716418

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