Solution-Determine the variable cost per unit and the fixed

Determine the variable cost per unit and the fixed cost

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Reference no: EM132708190

Problem - High-low method - Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows:

Units Produced	Total Costs
100,000	$1,800,000
180,000	2,800,000
300,000	4,300,000

Required -

a. Determine the variable cost per unit and the fixed cost.

b. Based on part (a), estimate the total cost for 260,000 units of production.

Reference no: EM132708190

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Determine the variable cost per unit and the fixed cost

Reference no: EM132708190

Reference no: EM132708190

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