Elm Company uses the high-low method of estimating costs. Elm had total costs of $287,034 at its lowest level of activity, when 11,600 units were sold. When, at its highest level of activity, sales equaled 17,400 units, total costs were $395,900. Elm would estimate variable cost per unit as: Multiple Choice $24.74. $22.75. $18.77.

Elm Company uses the high-low method of estimating costs. Elm had total costs of $287,034 at its lowest level of activity, when 11,600 units were sold. When, at its highest level of activity, sales equaled 17,400 units, total costs were $395,900. Elm would estimate variable cost per unit as: Multiple Choice $2474 $2275 51877