Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. high-low method ziegler inc. has decided to use th

High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total...

90.2K

Verified Solution

Question

Accounting

High-Low Method

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
5,220 $514,080
1,620 330,480
3,560 396,940

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 2,460 units of production.

Total cost for 2,460 units:

$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In a marginal/differential analysis, I have two decision optionsavailable for the upcoming year:1. Keep...In...

Accounting
Q

Sub: Test on Hypothesis (Maths) Kindly solve the sum and provide the detailed step by step method:- A...

Statistics
Q

How does stretch cause smooth muscle contraction (myogenic reflex)? Describe the molecular mechanism.

Medical Sciences
Q

Christian worldview answers to: What is the Nature of Ultimate Reality? What is the nature of...

Psychology
Q

Briefly explain what changing the gravitational force will do to friction on level ground.  Why does this happen?  How...

Physics
Q

Identify the seven components of the communication process model, and briefly describe each by providing an...

Psychology
Q

Write the following expression in

Calculus
Q

1 Find the best straight line fit to the given data points 1 3 2...

Algebra
Q

Which of the following ordered pairs represent the ordered pairs for a functionSelect one:a.{(1, 3),...

Algebra
Q

To prepare a master budget for Aprll, May, and June, management gathers the...

Accounting
Q

Current Attempt in Progress CAL Enterprises' payroll for the month of March, 2023 is shown...

Accounting
Q

thumbs up for help Assume that projected revenue for 2018 is 1,192,098....

Accounting