In: Accounting
Acme Company sold 500 units for $450 each. Variable costs were $275 per unit, and total fixed expenses were $53,000. Prepare a contribution margin income statement.
.
Scottso Enterprises has presented the following information for the past eight months operations:
Month |
Units |
Total Cost |
Aprl |
4,000 |
$ 17,000 |
May |
3,200 |
$ 14,900 |
June |
1,400 |
$ 11,100 |
July |
2,800 |
$ 13,200 |
August |
3,500 |
$ 16,000 |
September |
4,200 |
$ 17,400 |
October |
3,900 |
$ 16,500 |
November |
3,400 |
$ 15,700 |
a. Using the high-low method, calculate the fixed cost per month
AND variable cost per unit (4 pts)
b. What would total costs be for a month with 3,000 units produced?
(2 pts)