Question: Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cost July 19,962 $39,924 August 35,488

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

Units Produced

Total Cost

July 19,962 $39,924
August 35,488 53,232
September 39,924 60,995
October 24,398 42,142
November 44,360 82,620
December 42,142 68,758

Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.)

Variable cost per unit

$enter the variable cost per unit using the high-low method rounded to 2 decimal places

Compute the fixed cost elements using the high-low method.

Fixed costs

$enter the fixed cost elements using the high-low method

Markowis Corp. has collected the following data concerning its maintenance costs forthe past 6 months. Units Produced Total Cost July 19,962 $39,924 August

Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Total Cost July August September October November December Units Produced 19,962 35,488 39,924 24,398 44,360 42,142 $39,924 53,232 60,995 42,142 82,620 68,758 Your answer is incorrect. Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ Compute the fixed cost elements using the high-low method. Fixed costs $

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