Mixed Costs Using High/Low Method
Gregory's Gems accumulated the following production and overhead cost data for the past five months:
Required:
A. Use
the high/low method to calculate the variable cost per unit and fixed
costs for Gregory's Gems. Round your answers to the nearest cent, if
necessary.
Variable cost
|
$ per unit
|
Fixed cost
|
$
|
B. What are estimated total costs for production of 12,000 units?
