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Determine the variable cost per unit and total fixed cost

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Problem - High-low method - Bi-Rize, Inc. incurred the following production volumes and costs for the last six months of the current year:

Production Units

Total Cost

July

3,000

$111,700

August

2,980

110,600

September

3,250

118,250

October

2,520

100,200

November

2,260

93,500

December

3,110

114,800

Required - Prepare a spreadsheet to determine the variable cost per unit and total fixed cost using the high-low method. Use the VLOOKUP function to match the total cost to the minimum and maximum production in computing the variable cost per unit.

Reference no: EM132685771

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