The manufacturing costs of Alex Industries for the first three months of the year are provided below.
|
|
Total Cost |
Production |
|
January |
$ 80,000 |
1,000 units |
|
February |
125,000 |
2,500 |
|
March |
100,000 |
1,800 |
Using the high low method, determine (a) the variable cost per unit and (b) the total fixed cost.