Q1) Taylor's Treasures has gathered given information over the last six months.
Month

Units produced

Total costs

March

10,000

$25,600

April

12,000

26,200

May

18,000

27,600

June

13,000

26,450

July

12,000

26,000

August

15,000

26,500

i) Using highlow method, compute the variable cost per unit?
A) $0.25
B) $2.56
C) $0.22
D) $2.00
ii) Using highlow method, compute the total fixed cost?
A) $1,000
B) $4,500
C) $23,100
D) $5,600
Q2) Manufacturing company makes and sells 20,000 units of a single product. Total products costs are $14 per unit. If total sales were $560,000 what markup percentage is company using?
A) 100%
B) 4%
C) 200%
D) 50%