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Noriel Company has collected the following information over the last six months:
Month Units Produced Cost
July 10,000 P 20,000
August 12,000 20,500
September 13,000 20,600
October 14,000 21,000
November 11,000 20,050
December 18,000 21,600
Problem 1: Using the high-low method, what is the variable cost per unit?
a. P .20
b. P 1.20
c. P 1.49
d. P 1.59
Problem 2: Refer to the data for Noriel Company, using the high-low method, what is the total fixed cost?
a. P 4,135
b. P 5,143
c. P 8,000
d. P 18,000
Problem 3: Refer to the data for Noriel Company, using the high-low method, what is the estimated total cost in a month when 14,000 units are produced?
a. P 20,800
b. P 21,000
c. P 24,800
d. P 25,943
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