Q1) Taylor's Treasures has gathered given 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
|
i) Using high-low method, compute the variable cost per unit?
A) $0.25
B) $2.56
C) $0.22
D) $2.00
ii) Using high-low method, compute the total fixed cost?
A) $1,000
B) $4,500
C) $23,100
D) $5,600
Q2) Manufacturing company makes and sells 20,000 units of a single product. Total products costs are $14 per unit. If total sales were $560,000 what mark-up percentage is company using?
A) 100%
B) 4%
C) 200%
D) 50%