Question: 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 of the
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 of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 910 $131,040 1.560 184,180 2,210 203,840 a. Determine the variable cost per unit and the total sed cost Variable cost: (Round to the nearest dollar) Total fixed cost: b. Based on part (a), estimate the total cost for 1.120 units of production Total cost for 1,120 units per unit
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