ABC Manufacturing produces metal lampposts. The company's income statements for the last two years are given below. The company has no beginning or ending inventories. Last Year This Year Units sold....

ABC Manufacturing produces metal lampposts. The company's income statements for the last two years are given below. The company has no beginning or ending inventories.


                                               Last Year       This Year
Units sold.                            60,000            85,000
Sales.                                    1,440,000.      2,040,000
Less cost of goods sold.     785,000        1,060,000
Gross margin                        655,000         980,000
Less operating expenses.    237,000        312,000
Net income                            418,000.       668,000


Using the high/low method, determine the company's total variable cost per unit.