Question: Taha Company is developing a cost function for its total costs using the high-low method. The following data have been collected for the past year:

Taha Company is developing a cost function for its total costs

Taha Company is developing a cost function for its total costs using the high-low method. The following data have been collected for the past year: Quarter Totul Costs 5.000 $ 743 1 2 6,500 820 3 7,000 850 8,000 1,000 Calculate the following amountse ... The variable cost per unit 1. The fixed cost c. The estimated total cost for 9.000 units (2.5 marks) The following data were collected for Salem Compagny the last six months of operations: Month Units Total cost January 4.560 February 4,380 March 4.680 $276,000 $273.600 $278,400 $270,000 S252,000 $240.000 April 3,960 May 3.900 June 3.720 Compute the cost function using the high-low method

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