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Determine the variable cost per unit and the fixed cost

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Reference no: EM132772519

Question - 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

5,610 $425,040

4,200 356,120

2,310 273,240

Required -

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

b. Based on part (a), estimate the total cost for 2,850 units of production.

Reference no: EM132772519

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