Further analysis has shown that there is a price index applicable to the overhead costs:
Production level (units) Overhead costs ($) Index
January 10 3,352 100
February 10.5 3,479 101
March 12 3,860 102
April 9 3,098 104
May 9.5 3,225 105
June 10.25 3,416 106
Required:
Using high low analysis, calculate the variable cost per unit in June’s prices.