Solution-Determine the variable cost per unit and the fixed

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

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

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

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Determine the variable cost per unit and the fixed cost : How do Determine the variable cost per unit and the fixed cost. Liberty Inc. has decided to use the high-low method to estimate costs.

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