eBook Show Me How Video High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 1,885 $ 65,520 1,260 51,670 585 42,120

a. Determine the variable cost per unit and the fixed cost. Variable cost per unit $fill in the blank 1 Fixed cost $fill in the blank 2

b. Based on part (a), estimate the total cost for 890 units of production. $fill in the blank 3