Question: Ziegler 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.
Ziegler 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 2,795 $193,500 4,650 227,470 7,095 301,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 25 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 3,560 units of production. Total cost for 3,560 units: $fill in the blank 3 Feedback Area Feedback
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