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Apple is using the high low method in determining its profits from the sale of iPads for the month of May. Apple sells each iPad for $500. For the last six months sales and costs are as follows:
Month Production Cost November 1.2 million $100 million December 1.4 million $110 million January 1.6 million $120 million February 1.1 million $90 million March 1 million $80 million April 900,000 $70 million
What are Apple's total costs for the month of May if Apple is forecasting sales of 800,000 units?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9974030

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