High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components The data for various levels of production are as follows: Units Produced Total Costs 4,620 $439,040 1,820 282,240 3,160 302,940 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 2,320 units of production Total cost for 2,320 units: High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating data from the past six months to estimate the fixed components of transportation costs. The activity base used by Boston Railroad is a measure of railroad operating activit ton miles," which is the total number of tons multiplied by the miles moved. Transportation Costs Gross-Ton Miles January $859,800 327,000 February 958,700 366,000 March 677,500 237,000 April 919,100 354,000 May 770,900 285,000 June 988,300 385,000 Determine the variable cost per gross-ton mile and the fixed cost. Variable cost (Round to two decimal places.) 2.1 per gross-ton mile Total fixed cost 686,700 X Feedback