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High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units

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High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 1,800 $ 278,640 3,380 384,520 5,400 433,440 a. Determine the variable cost per unit and the fixed cost. Variable cost per unit $ 24 Fixed cost b. Based on part (a), estimate the total cost for 2,590 units of production. $

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