Need fixed cost variable cost is 125 and is correct please

Reference no: EM13481893

need fixed cost variable cost is 1.25 and is correct please show how you got your answer

Wendy's Widgets builds the world's best widgets. Information for the last eight months follows:

Month	Number of Widgets Produced	Total Cost
January	4,000	$ 7,000
February	2,250	5,000
March	3,500	6,250
April	4,300	7,750
May	1,875	5,000
June	3,000	6,250
July	1,500	4,250
August	2,500	5,750

Required:

Using the high-low method, calculate the total fixed cost per month and the variable cost per widget. (Round your cost per unitanswer to 2 decimal places. Omit the "$" sign in your response.)

Variable cost per unit		$
Fixed cost		$

Reference no: EM13481893

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