Question 2

Westerville Corp. has collected the following data concerning its maintenance costs for the past six months:

	Units Produced		Total Cost
July	17,900		$31,687
August	32,300		48,700
September	36,900		55,500
October	22,300		38,500
November	40,000		65,500
December	38,000		62,500

Calculate the variable cost per unit using the high-low method. (Round variable cost per unit to 2 decimal places, e.g. 12.25.)

Variable cost

$ per unit

Calculate the fixed cost element using the high-low method.

Fixed cost

$