need fixed cost variable cost is 1.25 and is correct please show how you got your answer
Wendy's Widgets builds the world's best widgets. Information for the last eight months follows:
| Month |
Number of Widgets Produced |
Total Cost |
| January |
4,000 |
$ 7,000 |
| February |
2,250 |
5,000 |
| March |
3,500 |
6,250 |
| April |
4,300 |
7,750 |
| May |
1,875 |
5,000 |
| June |
3,000 |
6,250 |
| July |
1,500 |
4,250 |
| August |
2,500 |
5,750 |
|
| Required: |
| Using the high-low method, calculate the total fixed cost per month and the variable cost per widget. (Round your cost per unitanswer to 2 decimal places. Omit the "$" sign in your response.) |