Question: Shatner 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.

Shatner 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
5,610 $561,680
2,210 361,080
3,680 378,330

a. Determine the variable cost per unit and the total fixed cost.

Variable cost: (Round to the nearest dollar.) $ per unit
Total fixed cost: $

b. Based on part (a), estimate the total cost for 2,820 units of production.

Total cost for 2,820 units:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Please do b and d 5.6.1. Find (i) the discrete Fourier coefficients, and (ii) the low-frequency trigonometric inter- polant, for the following functions using the indicated number of sample points:...

Q:

Show Me How Shatner 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...

Q:

High Low Method Shatner 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...

Q:

Shatner Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total The data for various levels of production are as follows: Units...

Q:

Shatner 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:...

Q:

Shatner 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:...

Q:

Shatner 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:...

Q:

Shatner 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:...

Q:

Shatner 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:...

Q:

Shatner 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:...

Q:

#40 Shatner 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...

Q:

Question 3) Assume that you are the CEO of a company. And a subordinate who works for your company came up with a project where expected cash flows are as follows: Year 0 = -$100,000 Year 1 = $0 Year...

Q:

Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period,...

Q:

Let f be defined as f ( x ) = { x 3 - 1 i f x 0 - x 3 + 1 i f x > 0 0 i f x = 0 The value of lim x 0 + f ( x ) is 0 - 1 1 does not exist

Q:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

Q:

Drawing from a pool of potentially international assignees who are seen as high flyers, and as part of a more general management development process, may be more effective and prevent failure, but...

Q:

adaptability of family: this factor is crucial to the success of a foreign assignment, because if the family get homesick or they simply are unhappy in the foreign environment, this may lead to low...

Q:

emotional stability and maturity: this involves having the staying power and emotional maturity to maintain equilibrium in a foreign environment as well as being non-judgmental in relationships with...