Question
Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the tota
Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the tota cost. The data for various levels of production are as follows: Units Produced 855 1,910 2,755 Total Costs $167,580 222,700 260,680 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input yo answers in the questions below. X Open spreadsheet a. Determine the variable cost per unit and the total fixed cost. Variable cost s Total fixed cost s b. Based on part (a), estimate the total cost for 1.300 units of production. Total cost for 1,300 units s
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