Hardigree Insurance Has Collected the Following Information Over the Last

question 143

Multiple Choice

Hardigree Insurance has collected the following information over the last six months. $\begin{array}{ccc}\text { Month }& \text { Units produced } &\text { Total costs }\\\text { March } & 2,000 & \$ 6,700 \\\text { April } & 3,200 & 9,400 \\\text { May } & 2,200 & 7,100 \\\text { June } & 3,000 & 9,500 \\\text { July } & 2,800 & 8,000 \\\text { Auqust } & 2,100 & 6,600\end{array}$ Using the high-low method, how much is the variable cost per unit?

• A)$2.25
• B)$2.55
• C)$2.80
• D)$3.14

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Definitions:

Divide

To perform division, which is one of the four basic operations in mathematics, separating something into equal parts or groups.

Monetary Products

Financial products and instruments that are used for saving, investing, or making transactions, such as currencies, stocks, bonds, and savings accounts.

Round Off

The process of adjusting numbers to their nearest value based on a specific unit of measure, simplifying calculations or representations.

Multiply

To increase or combine quantities by a specific factor or number, resulting in a total that is the product of the factors.