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
4,160 $473,200
2,750 443,120
1,560 304,200

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

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

b. Based on part (a), estimate the total cost for 2,060 units of production.

Total cost for 2,060 units:

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