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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.

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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
6,930 $423,360
2,730 272,160
4,640 278,210

a. Determine the variable cost per unit and the total fixed cost.

Variable cost: (Round to the nearest dollar.) $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 3,480 units of production.

Total cost for 3,480 units: $fill in the blank 3
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: a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) per unit Total fixed cost: b. Based on part (a), estimate the total cost for 3,480 units of production

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