Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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 total cost. The data for various levels of production are as follows: Units Produced Total Costs 5,735 $238,280 2,035 153,180 3,810 172,240 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(), estimate the total cost for 2,000 production 35 X per unit Total cost for 2,800 units: Feedback Check My Work Divide the difference between the highest and lowest total costs by the difference between the highest and lowest production units. Multiply the variable unit cost by the number of units for a month. Subtract this variable cost from the month's total cost to arrive at the fixed cost. The resulting amount should be the same for either the highest or lowest production month 12:11 PM 7/3/2021 e

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Book Marketing Audit

Authors: Kilby Blades

1st Edition

0985798335, 978-0985798338

More Books

Students also viewed these Accounting questions

Question

163/4 Simplify without using a calculator.

Answered: 1 week ago

Question

6. Is either person assigned goals'! If so. whal kinds of goals?

Answered: 1 week ago

Question

Define and explain the goals of employee orientation/onboarding

Answered: 1 week ago