Question
Using the following data and the High Low method, calculate the fol D Variable Cost per...
Using the following data and the High Low method, calculate the fol D Variable Cost per unit for February is $ 3) Total Variable Cost for April is $ 3) Total Fixed Cost for June is $_ Jan Feb Mar Apr May Jun Machine Hours 320 390 290 260 330 380 Total Electric Cost $2,440 $ 2,930 $2,230 $2,020 $ 2,510 $2,860
Answers
Answers
- [1] Variable cost per unit = $ 7.00 per unit
- [2] Total Variable cost for April = 260 hours x $ 7 = $ 1,820
- [3] Total Fixed cost for June = $ 200
- High Low working for above answers
Months
Units
Cost
High Level
Feb
390
$ 2,930.00
Low Level
Apr
260
$ 2,020.00
Difference
130
$ 910.00
A
Difference in Cost
$ 910.00
B
Difference in units
130
C = A/B
Variable cost per unit
$ 7.000
Working
High Level
Low Level
A
Total Cost
$ 2,930.00
$ 2,020.00
B
Total Units
390
260
C
Variable cost per unit
$ 7.00
$ 7.00
D = B x C
Total Variable cost
$ 2,730.00
$ 1,820.00
E = A - D
Total Fixed Cost
$ 200.00
$ 200.00
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