Question: Apple is using the high low method in determing its profits from the sale of iPads for the month of May. Apple sells each iPad
Apple is using the high low method in determing its profits from the sale of iPads for the month of May. Apple sells each iPad for 500. For the last six months sales and cost are as follows: Month Production Cost November 1.2 million 100 miilion December 1.4 110 miilion January 1.6 120 February 1.1 90 March 1 miilion 80 April 900,000 70 What are Apple's total costs for the month of May if Apple is forecasting sales of 800,000 units? a. 55.7 miilion b. 62.8 c 60.5 d. 63.5
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