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Determine the variable cost per unit and total fixed cost

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Reference no: EM132765917

Question: High-Low Method

Ziegler 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 ProducedTotal Costs990 $139,320 1,660 163,780 2,790 216,720

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

Variable cost: (Round to the nearest dollar.)$fill in the blank 1 per unitTotal fixed cost:$fill in the blank 2

b. Based on part (a), estimate the total cost for 1,360 units of production.

Total cost for 1,360 units: $ fill in the blank 3

Reference no: EM132765917

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