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C ezto.mheducation.com/hm.tpx !!: Apps Edvesmoviesl. Hawkes Learning" Blackboard Learn Welcome-myutrgu (1) Rainbow Six . Six D Exam 11 Question 12 (of 25) 12. Sandy's Socks makes the wonld's best socks Information for the last eight months follows Number of Socks February March Apni May June July August 3 800 2.800 3250 3.350 4,800 2,500 1,200 1,850 $5,700 4,900 4,875 5,025 6,180 4,375 2,400 3,700 Using the high-low method, calculate the total foxed cost per month and the vaniable cost per sock (Round your "Variable Cost per Unit" answer to 3 decimal places.) Variable Cost per Unt Fxed Cost O Type here to search

Explanation / Answer

Variable cost per unit = Change in cost/change in units

                               = (6180-2400)/(4800-1200)

Variable cost per unit = 1.05 per unit

Fixed cost = Total cost-variable cost

                = 2400-(1200*1.05)

Fixed cost = 1140

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