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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