Question: Complete the table by estimating the cost formula. For mixed costs, use the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25 when

Complete the table by estimating the cost formula. For mixed costs, use the high-low method. (Round variable cost to 2 decimal places, e.g. 15.25 when entering answer for the VC and fixed cost to the nearest whole dollar, e.g. 5,275. Use the entire (unrounded) value of the variable cost when calculating the FC).

ACTIVITY LEVEL COST FORMULA
840UNITS 1,680UNITS 2,520UNITS VC + FC
Cost 1 $11,600 $11,600 $11,600 $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole
Cost 2 $5,112 $5,212 $5,312 $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole
Cost 3 $4,340 $8,680 $13,020 $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole
Cost 4 $0.02/unit $0.02/unit $0.02/unit $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole
Cost 5 $618/unit $309/unit $206/unit $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole
Cost 6 $153/unit $78/unit $53/unit $Enter a dollar amount rounded to 2 decimal places (units) + $Enter a dollar amount rounded to the nearest whole

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