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Inspection costs at one of A Corporation's factories are listed below: Units Produced Inspection Cost February......... 905 $16,212 March............. 949 $16,600 April................ 911 $16,265 May................

Inspection costs at one of A Corporation's factories are listed below:

Units Produced

Inspection Cost

February.........

905

$16,212

March.............

949

$16,600

April................

911

$16,265

May................

895

$16,110

June...............

917

$16,294

July.................

902

$16,180

August............

919

$16,332

September......

859

$15,760

October...........

898

$16,138

Management believes that inspection cost is a mixed cost that depends on units produced.

  1. Using the high-low method, calculate the estimate of the variable component of inspection cost per unit produced
  2. Using the high-low method, calculate the estimate of the fixed component of inspection cost per month
  3. Using the high-low method, calculate the estimate of the total inspection cost if projected units produced for November are 996.

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