High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total...
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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 | |||
| 2,635 | $128,520 | |||
| 935 | 82,620 | |||
| 1,570 | 86,570 | |||
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 1,290 units of production.
| Total cost for 1,290 units: | $fill in the blank 3 |
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