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eBookShow Me How Question Content Area High - Low Method Tashiro Inc. has decided to use the high - low method to estimate the total

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High-Low Method
Tashiro Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows:
Units Produced Total Costs
60,000 $19,200,000
69,00020,010,000
90,00024,090,000
a. Determine the variable cost per unit and the total fixed cost.
Variable cost (Round to two decimal places.) $fill in the blank 1
90
per unit
Total fixed cost $fill in the blank 2
b. Based on part (a), estimate the total cost for 86,000 units of production.
Total cost for 86,000 units $fill in the blank 3

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