Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6

Nikolas Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2014, the high point in activity occurred in June when it produced 202 boats at a total cost of $162,920. The low point in production occurred in January when it produced 34 boats at a total cost of $47,000.

b.Determine the total estimated cost if 190 boats are made. =

deadline: 1.5 hours, 10:30pm central standard time.