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High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the
High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the tota The data for various levels of production are as follows: Units Produced 3,040 1,140 1,880 Total Costs $175,560 112,860 147,090 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: b. Based on part (a), estimate the total cost for 1,500 units of production. Total cost for 1,500 units: $ 3- $ per unit 4
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