Question: Question 21: The High-Low method is used to classify mixed costs into fixed and variable costs. Using the data below, compute the variable cost and

Question 21: The High-Low method is used to classify mixed costs into fixed and variable costs. Using the data below, compute the variable cost and fixed cost elements using the high-low method. (It is recommended that you show your calculations for this question) (7 points) MONTH UNITS PRODUCED TOTAL COST January 20,000 $30,000 February 40,000 $48,000 March 35,000 $49,000 April 50,000 $63,000 May 30,000 $42,000

Answer: Total Fixed Costs: ?

Answer: Total Variable Costs:?

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