The manufacturing costs of Calico Industries for three months of the year are provided below.
Total Cost Production Units
April $120,000 280,000
May 74,000 165,000
June 90,900 230,000
Using the high-low method, the variable cost per unit and the total fixed costs are:
a) $0.78 per unit and $4,000.
b) $0.40 per unit and $8,000.
c) $4.00 per unit and $800.
d) $7.80 per unit and $4,000.
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