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Evander 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.
Evander 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 1,365 $226,800 2,220 237,640 3,465 352,800 a. Determine the variable cost per unit and the total fixed cost. Variable cost fill in the blank 1 of 2$ Total fixed cost fill in the blank 2 of 2$ b. Based on part (a), estimate the total cost for 1,740 units of production. Total cost for 1,740 units fill in the blank 1 of 1$
Evander 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: a. Determine the variable cost per unit and the total fixed cost. Variable cost \$ Total fixed cost b. Based on part (a), estimate the total cost for 1,740 units of production. Total cost for 1,740 units \$Step by Step Solution
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