Exercise 3-5

Exercise 3-5

Julie’s Jewels accumulated the following production and overhead cost data for the past 5 months.

Required
A. Use the high/low method to calculate the variable cost per unit and fixed costs for Julie’s Jewels.
Variable cost per unit:
(Round to two decimal places.) $ _________________
Fixed cost: $ _________________

B. What are estimated total costs for production of 16,000 units?Total costs: $ ________________

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