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Required: Peppers Lockdown produces keys for homes and cars. As Peppers planned for next years...

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Accounting

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Peppers Lockdown produces keys for homes and cars. As Peppers planned for next years production, the company decided to implement a high-low system to forecast future costs. With total production of 2,500,000 keys at a total cost of $10,000 in 2021, and total production of 3,000,000 keys at a total cost of $20,000 in 2022, what is the variable cost per key? (Round your answer to 2 decimal places.)

Variable cost.........Per Key

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