Jan-Stones Limited has compiled the 4-month data below:
Units | Total Costs | |
May | 1,200 | $39,400 |
June | 1,600 | $43,200 |
July | 1,400 | $41,800 |
August | 1,100 | $37,000 |
Applying the high-low method, answer the following questions:
(i) Calculate the variable cost per unit.
(ii) Calculate the fixed cost portion of the total costs.
(iii) If the company uses 1,800 units in September, how much will the total costs be?
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