Silver Products has presented the following information for the past eight months operations: Month Total Cost...
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Silver Products has presented the following information for the past eight months operations: Month Total Cost April $ 29,000 May June July August Units 8,800 7,200 4,600 6,400 7,800 September 9,200 October 8,600 $ 28,100 November 7,600 $ 27,300 Fixed Cost Variable Cost $ 27,400 $ 19,900 $ 24,800 $ 27,600 $ 35,770 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round your variable cost to 2 decimal places.) Total Costs Per Month Per Unit b. What would total costs be for a month with 5,800 units produced? (Do not round intermediate calculations.) Silver Products has presented the following information for the past eight months operations: Month Total Cost April $ 29,000 May June July August Units 8,800 7,200 4,600 6,400 7,800 September 9,200 October 8,600 $ 28,100 November 7,600 $ 27,300 Fixed Cost Variable Cost $ 27,400 $ 19,900 $ 24,800 $ 27,600 $ 35,770 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. (Round your variable cost to 2 decimal places.) Total Costs Per Month Per Unit b. What would total costs be for a month with 5,800 units produced? (Do not round intermediate calculations.)
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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