The data for monthly utility costs and units of production for Acme Company is posted...
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Accounting
The data for monthly utility costs and units of production for Acme Company is posted below. Use the high low method to determine the fixed vs. variable component of the utility costs:
Units Produced
Total Utility Cost
July
21,550
$44,415
August
38,304
57,456
September
43,092
65,835
October
26,334
45,486
November
47,880
89,176
December
45,486
74,214
Variable cost per unit produced: __________________
Fixed costs: ____________________________
What would the electricity costs be if 40,000 units were produced in one month? ________________
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