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Zee, Inc. has decided to use the high-low method to estimate the total cost and fixed and variable cost components of total cost. The data
Zee, Inc. has decided to use the high-low method to estimate the total cost and fixed and variable cost components of total cost. The data for various levels of production are as follows: Units Produced Total Costs 15,000 $700,000 20,000 800,000 28,000 920,000 12,000 775,000 26,000 900,000 10,000 750,000 22,500 845,000 14,000 790,000 30,000 950,000 25,000 870,000 If the company processes 11,000 units, the estimated total fixed cost using the high-low method would be
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