Please explain for points! Taylor \'s Treasures has collected the following info
ID: 2634754 • Letter: P
Question
Please explain for points!
Taylor's Treasures has collected the following information over the last six months.
Month
Units produced
Total costs
March
10,000
$25,600
April
12,000
26,200
May
18,000
27,600
June
13,000
26,450
July
12,000
26,000
August
15,000
26,500
24.
Using the high-low method, what is the variable cost per unit?
A)
$0.25
B)
$2.56
C)
$0.22
D)
$2.00
Month
Units produced
Total costs
March
10,000
$25,600
April
12,000
26,200
May
18,000
27,600
June
13,000
26,450
July
12,000
26,000
August
15,000
26,500
Explanation / Answer
(27,600-25,600)/(18,000-10,000)= 0.25
answer -
A)
$0.25