Determine the variable cost per unit and the fixed cost

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Reference no: EM13778647

Shatner 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 7,500 Total Cost $600,000

12,500 $ 725,000

20,000 $ 800,000

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

B. Based on part (a) estimate the total cost for 10,000 units of production.

Reference no: EM13778647

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