High-Low Method Zziegler Inc has decided to use the high- low method to estimate the...
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High-Low Method Zziegler 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 1,860 3,000 4,960 Total Costs 351,540 03,090 546,840 a. Determine the variable cost per unit and the total fixed cost Variable cost: (Round to the nearest dollar.) Total fixed cost: b. Based on part (a), estimate the total cost for 2,460 units of production. Total cost for 2,460 units per unit
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