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 Units Produced Total Costs 1,250 $220,500 2,450 247,940 3,750 343,000 a Determine the variable cost per unit and the total fixed cost Variable cost $ Total fixed cost $ b Based on part (a), estimate the total cost for 1,800 units of production Total cost for 1,800 units $

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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:

Units Produced	Total Costs
1,250	$220,500
2,450	247,940
3,750	343,000

a. Determine the variable cost per unit and the total fixed cost. Variable cost $? Total fixed cost $?

b. Based on part (a), estimate the total cost for 1,800 units of production. Total cost for 1,800 units $?

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