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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 high-low method, compute the variable cost per unit?

A)   $0.25

B)   $2.56

C)   $0.22

D)   $2.00

ii) Using high-low 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 mark-up percentage is company using?

A)   100%

B)   4%

C)   200%

D)  50%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916474

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