Question: Low Method Ziegler Inc. has decided to use the high low method to estimate the total cost and the food and variable cost components of
Low Method Ziegler Inc. has decided to use the high low method to estimate the total cost and the food and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,485 $106,920 3.260 153,010 4.785 166,320 a. Determine the variable cost per unit and the totaled cost. Variable cost: (Round to the nearest dollar.) Total fixed cost h. Based on part (a), estimate the total cost for 2.260 units of production Total cost for 2,260 units
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