The manufacturing cost 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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