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

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 2,795 Total Costs $286,380 322,020 4,750 7,095 445,480 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 3,560 units of production. < Total cost for 3,560 units $

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