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Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $20,320 at its lowest level of activity, when 12,400 units were sold.
Cardinal uses the high-low method of estimating costs. Cardinal had total costs of $20,320 at its lowest level of activity, when 12,400 units were sold. When, at its highest level of activity, sales equaled 18,400 units, total costs were $39,220. Cardinal would estimate variable cost per unit as: O $1.64 O $1.93 O $2.13 $3.15
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