Question - The following information is available for a company's cost of sales over the last five months.
|
Month
|
Units sold
|
Cost of sales
|
|
January
|
400
|
$31,000
|
|
February
|
800
|
$37,000
|
|
March
|
1,600
|
$49,000
|
|
April
|
2,400
|
$61,000
|
Using the high-low method, the estimated variable cost of sales per unit sold is:
$25.42
$77.50
$34.23
$15.00
$30.62