Question: Tashiro 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.
Tashiro 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 4,050 $234,360 1,350 150,660 2,540 184,810 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) $ fill in the blank 1 per unit Total fixed cost $ fill in the blank 2 b. Based on part (a), estimate the total cost for 1,940 units of production. Total cost for 1,940 units: $ fill in the blank 3
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