In the manufacture of textiles, it is assumed that the high point of a cost item is $50,000.00 with a production of 20,000 units, and the low point is $20,000.00 with 5,000 units. 

What is the variable cost of each unit manufactured, the variable cost when 20,000 units are manufactured, and the fixed cost?

Answer rating: 100% (QA)

To calculate the variable cost per unit we can use the high and low points of cost along with the co... View the full answer