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Determine the variable cost per unit and total fixed cost

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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 Total Costs
4,150     $264,300  
5,890     383,040  
2,090     246,240

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

b.  Based on part (a), estimate the total cost for 2,870 units of production

Reference no: EM131759875

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