Sylvius sept 24 2019 Question_Week 3_Cost Classification II (1).pdf

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Discussion Question The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs Level of Activity (Units Produced) July$230,000 3,500 August250,000 3,750 September260,000 3,800 October220,000 3,400 November340,000 5,800 December330,000 5,500 January200,000 2,900 February210,000 3,300 March240,000 3,600 April380,000 5,900 May350,000 5,600 June290,000 5,000 a)Determine the variable cost per unit and the fixed cost using the high-low

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