Compute the variable cost per unit using the high-low method

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Reference no: EM131983454

Problem

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

	Units Produced	Total Cost
July	20,646	$36,704
August	36,704	55,056
September	41,292	63,085
October	25,234	43,586
November	45,880	74,555
December	43,586	71,114

Compute the variable cost per unit using the high-low method.

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

Reference no: EM131983454

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