Solution-Determine variable cost per unit and fixed cost

Determine variable cost per unit and fixed cost per month

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Reference no: EM132832477

Question - Below are the processing costs of Darnell Products observed over the last 10 months:

Month	Units Produced	Processing Cost
1	7,500	$44,000
2	11,000	60,000
3	14,500	59,210
4	5,500	20,000
5	9,000	47,000
6	8,500	52,000
7	3,500	25,000
8	4,000	21,000
9	11,500	52,000
10	6,000	41,000

Required -

A - Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y = a + bx.

B - Predict the total processing cost if 15,000 units are produced.

Reference no: EM132832477

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Determine variable cost per unit and fixed cost per month

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Reference no: EM132832477

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