Question: High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units

High-Low Method Liberty Inc. has decided to use the high-low method

High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows: Units Produced Total Costs 5,240 2,795 7,095 427,250 309,600 481,600 a. Determine the varlable cost per unit and the fixed cost. Variable cost per unit Fixed cost b. Based on part (a), estimate the total cost for 3,560 units of production

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