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High-Low Method
The manufacturing costs of Ackerman Industries for the first three months of the year follow:
| | Total Costs | Units Produced |
| January | $254,070 | | 1,960 | units |
| February | 174,420 | | 1,190 | |
| March | 271,320 | | 2,890 | |
Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar.
| a. Variable cost per unit | $ |
| b. Total fixed cost | $ |
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