Question: 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

Liberty Inc. has decided to use the high-low method to estimate

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 253,580 3,330 5,075 343,000 220,500 1,575 a. Determine the variable cost per unit and the fixed cost. Variable cost per unit Fixed cost b. Based on part (a), estimate the total cost for 2,390 units of production $

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