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Make a spreadsheet to compute the variable cost

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Reference no: EM132685776

Problem - High-low method - Barnstable Company prepared weekly production and total cost information for the Assembly Department for 12 weeks as follows:

Production Units

Total Cost

Week 1

1,930

$46,790

Week 2

1,240

33,710

Week 3

1,760

42,490

Week 4

980

28,740

Week 5

1,130

31,740

Week 6

1,520

39,400

Week 7

1,690

42,350

Week 8

1,420

37,240

Week 9

1,550

38,540

Week 10

1,300

34,990

Week 11

1,750

42,870

Week 12

1,890

46,320

Required - Make a spreadsheet to compute the variable cost per unit and total fixed cost using the high-low method. Use the VLOOKUP function to match the total cost to the minimum and maximum production in computing the variable cost per unit.

Reference no: EM132685776

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