Reference no: EM132509398
Tilly Company had the following cost and volume data for the first four months of the year.
January: Cost of $52,500; volume of 9,000 units
February: Cost of $40,000; volume of 6,500 units
March: Cost of $70,000; volume of 14,000 units
April: Cost of $60,000; volume of 11,000 units
Question 1: Using the scattergraph method, which ONE of the following is the BEST estimate of the variable cost per unit?
Option 1: $35.00 per unit
Option 2: $8.00 per unit
Option 3: $15.00 per unit
Option 4: $4.00 per unit
Option 5: $25.00 per unit
Option 6: $10.00 per unit