Relevant Range and Fixed and Variable Costs

FirstClass Gaming Inc. manufactures components for computer games within a relevant range of $114,000$ to $182,400$ components per year.

Within this range, the following partially completed manufacturing cost schedule has been prepared:

Total costs:

$($d$)$

$($j$)$

$($e$)($k$)$

$($f$)$

$($I$)$

Cost per unit:

Variable cost per unit

$($a$)$

$($g$)$

$($m$)$

Fixed cost per unit

$($b$)$

$($h$)$

$(n)$

Total cost per unit

$($c$)$

$($i$)$

$($o$)$

Complete the cost schedule below. Round costs per unit to the nearest cent.

Cost Schedule

Components produced

$114,000$

$144,000$

$182,400$

Cost Schedule

Cost per unit:

Variable cost per unit

Fixed cost per unit

High$-$Low Method

Liberty Inc. has decided to use the high$-$low method to estimate costs. The data for various levels of production are as follows:

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 $2,480$ units of production

$