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Tashiro 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.
Tashiro 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 4,930 $332,920 2,030 214,020 3,480 268,000
a. Determine the variable cost per unit and the total fixed cost.
Variable cost (Round to two decimal places.) $fill in the blank 1 per unit Total fixed cost $fill in the blank 2
b. Based on part (a), estimate the total cost for 2,510 units of production.
Total cost for 2,510 units: $fill in the blank 3
Tashiro 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 | |||
4,930 | $332,920 | |||
2,030 | 214,020 | |||
3,480 | 268,000 |
a. Determine the variable cost per unit and the total fixed cost.
Variable cost (Round to two decimal places.) | $fill in the blank 1 | per unit |
Total fixed cost | $fill in the blank 2 |
b. Based on part (a), estimate the total cost for 2,510 units of production.
Total cost for 2,510 units: | $fill in the blank 3 |
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