Crane inc has decided to use the high-low method to

Reference no: EM13601099

Crane 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
10,000 $700,000
15,000 840,000
22,500 920,000
(1) Determine the vraiable cost per unit and the fixed cost.
(2) Based on part 1, estimate the total cost for 14,000 units of production.

Reference no: EM13601099

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