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
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 910 1,470 2,210 $63,180 74,270 98,280 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 1,120 units of production. Total cost for 1,120 units s
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