Calculate the unit variable cost by the high-low method.

b. Determine the total fixed cost.

c. Estimate the total cost if 850 units are manufactured for the month of May.

Month	Volume	Total cost
January	500	8,000
February	380	6,560
March	450	7,400
April	620	9,440

 

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Month Units produced x January 300 February 490 March 380 530 April No. Periods Average Total Cost Total CT 5,700 8,550 6,900 9,150 Cost CT Variation of Variation (X*CT) CT It is requested: to. Calculate the variable cost by the method of least squares. b. Determine the total fixed cost. c. Estimate the total cost for the month of May if 650 units are produced. Variation x2 Month Units produced x January 300 February 490 March 380 530 April No. Periods Average Total Cost Total CT 5,700 8,550 6,900 9,150 Cost CT Variation of Variation (X*CT) CT It is requested: to. Calculate the variable cost by the method of least squares. b. Determine the total fixed cost. c. Estimate the total cost for the month of May if 650 units are produced. Variation x2

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1 Calculate the unit variable cost using the highlow method Step 1 Identify the highest and lowest v... View the full answer