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High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of
High-low method 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 2,280 Total Costs $212,040 260,100 4,010 6,080 329,840 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 3,010 units of production. Total cost for 3,010 units $
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