Problem
Stiever Corp. has collected the following data concerning its maintenance costs for the past 6 months.
|
Units Produced
|
Total Cost
|
|
July
|
20,646
|
$36,704
|
|
August
|
36,704
|
55,056
|
|
September
|
41,292
|
63,085
|
|
October
|
25,234
|
43,586
|
|
November
|
45,880
|
74,555
|
|
December
|
43,586
|
71,114
|
Compute the variable cost per unit using the high-low method.
Compute the fixed cost elements using the high-low method.