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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.
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 2,900 $313,600 900 201,600 2,010 231,840
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 1,370 units of production.
Total cost for 1,370 units:
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