Mathematics · Cost Accounting & Numericals
The following overhead cost and output data has been collected: 1,000 units = £4,0002,000 units = £7,0003,000 units = £10,0004,000 units = £9,500 A step-up in fixed costs of £500 occurs at an output level of 3,500 units. What would be the variable overhead cost per unit to the nearest £0.01 using the high-low technique?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1£3.00 per unit
- 2£2.75 per unit
- 3£1.83 per unit
- 4£1.67 per unit✓
Correct answer
£1.67 per unit
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