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: EM132908662

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	58,440
4	5,500	20,000
5	9,000	47,000
6	8,500	52,000
7	3,500	25,000
8	7,000	41,000
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 18,000 units are produced.

Reference no: EM132908662

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Determine variable cost per unit and fixed cost per month

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Reference no: EM132908662

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