Question: Hanging Vine Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: table

Hanging Vine Inc. has decided to use the high-low method to estimate

Hanging Vine Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: table cellspacing="0" cellpadding="3" class="narrative2" width="220"> Units Produced Total Costs 1,000 $ 97,200 2,040 101,840 3,000 151,200 a. Determine the variable cost per unit and the fixed cost. Variable cost per unit $ Fixed cost $ b. Based on part (a), estimate the total cost for 1,440 units of production.

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