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A company collected the following data on the number of units produced and total production costs for the last six months: Month 1: 1,000 units,
A company collected the following data on the number of units produced and total production costs for the last six months:
- Month 1: 1,000 units, $10,000
- Month 2: 1,200 units, $11,500
- Month 3: 1,500 units, $13,000
- Month 4: 800 units, $9,000
- Month 5: 1,600 units, $14,500
- Month 6: 1,300 units, $12,500
Using the high-low method, estimate the variable cost per unit and the total fixed costs.
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