Question: High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the
High-low method Evander Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: This information bas been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. x = Open spreadsheet a. Determine the variable cost per unit and the total fixed cost. Variable cost 1 Total fixed cost $ b. Based on part (a), estimate the total cost for 2,300 units of production. Total cost for 2,300 units 5
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