Hampton Inc. has decided to use the high-low method to estimate the total cost and the fixed
Question:
Units Produced Total Costs
8,100 ......... $ 525,000
11,250 ........ 630,000
18,100 ........ 690,000
a. Determine the variable cost per unit and the total fixed cost.
b. Based on part (a), estimate the total cost for 12,000 units of production.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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