Question: 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
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 1,100 1,970 3,100 Total Costs $165,600 190,440 257,600 a. Determine the variable cost per unit and the total foxed cost. Variable cost: (Round to the nearest dollar.) )per unit b. Based on part (a), estimate the total cost for 1,510 units of pr Total cost for 1,510 units: h-Low Method atner 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 lows: Units Produced 1,100 1,970 3,100 Total Costs $165,600 190,440 257,600 Determine the variable cost per unit and the total foxed cost ariable cost: (Round to the nearest dollar.) tal foxed cost per unit Based on part (a), estimate the total cost for 1,510 units of production. otal cost for 1,510 units
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