Question: Ivanhoe Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 19,440 $38,880 August 34,560

Ivanhoe Corp. has collected the following data concerning its maintenance costs for the past 6 months.

Units Produced

Total Cost

July 19,440 $38,880
August 34,560 51,840
September 38,880 59,400
October 23,760 41,040
November 43,200 80,460
December 41,040 66,960

(a1)

Compute the variable cost per unit using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.)

Variable cost per unit

$enter the variable cost per unit in dollars rounded to 2 decimal places

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