Question

Sheridan Company used high-low data from June and July to determine its variable cost of $12 per unit. Additional information follows: Month Units produced Total costs June 2300 $37600 July 600 17200 If Sheridan’s produces 2900 units in August, how much is its total cost expected to be?

Answer 1

See below

Step-by-step explanation:

June 37,600 - 2,300 = 35,300

July 17,200 - 600 = 16,600