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 ProducedTotal Costs1,550$251,1002,910333,6804,650390,600

a.Determine thevariable costper unit and the totalfixed cost.

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

Total fixed cost:$_____

b.Based on part (a), estimate the total cost for 2,230 units of production.

Total cost for 2,230 units:$_____

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