Your answer is correct. Determine the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour \$ \( \square \) eTextbook and Media Assistance Used eTextbook 1 eTextbook 2 Video Attempts: 1 of 10 used (a2) Determine the fixed costs using the high-low method for this mixed cost. Fixed costs \$ \( \square \)

To calculate the unit variable costs using the high-low method, first identify the highest and lowest levels of activity (machine hours, in your case) and their corresponding total costs. The variable cost per machine hour can be determined from the formula: Variable Cost = (Cost at High Activity Level - Cost at Low Activity Level) / (High Activity Level - Low Activity Level) Now, for fixed costs, once you have the variable cost, plug it back into either the high or low data point. The fixed cost can be calculated using the formula: Fixed Cost = Total Cost - (Variable Cost × Activity Level) Using these steps will help you arrive at the correct values smoothly!