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Estimated variable cost per unit of production

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Reference no: EM133178616

Question - The following information is available for electricity costs for the first six month of the year:

Month

Production volume

Electricity cost

January

2,800

$2,925

February

5,600

$5,526

March

6,200

$5,980

April

3,500

$3,620

May

2,300

$2,470

June

4,500

$4,450

Required - Using the high-low method, estimated variable cost per unit of production?

Reference no: EM133178616

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