High Low Method Shatner 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 2,070 $210,500 1,200 158,400 3,200 246,400 a Determine the variable cost per unit and the total fixed cost Variable cost (Round to the nearest dollar ) $ per unit Total fixed cost $ b Based on part (a), estimate the total cost for 1,580 units of production Total cost for 1,580 units $

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Question: High-Low Method Shatner 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

Shatner 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
2,070			$210,500
1,200			158,400
3,200			246,400

a. Determine the variable cost per unit and the total fixed cost.

Variable cost: (Round to the nearest dollar.)	$ per unit
Total fixed cost:	$

b. Based on part (a), estimate the total cost for 1,580 units of production.

Total cost for 1,580 units:

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