Discuss about the manufacturing costs of erin industries

Reference no: EM131768906

Question: High-Low Method

The manufacturing costs of Erin Industries for three months of the year are provided below.

	Total Costs	Production
January	$192,780	1,020 units
February	256,180	1,910
March	299,880	2,720

Using the high-low method, determine

(a) the variable cost per unit and

(b) the total fixed cost.

Round all answers to the nearest whole dollar.

a. Variable cost per unit

b. Total fixed cost

Reference no: EM131768906

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