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Estimate variable cost using high-low method

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Reference no: EM132603328

Green Ltd manufactures widgets in North Bay, Ontario. In the first four months of operations they incurred the following costs:

Month                      # of bearings                   Total Cost

January                     51,000                     $140,000

February                   40,000                     $120,000

March                       50,000                    $141,000

April                          34,000                   $102,000

Required:

Question a) Using the high-low method, estimate the variable and fixed costs.

Question b) Express the variable and fixed costs in the form Y=a+bX.

Question c) What would the total cost be if 70,000 widgets were manufactured?

Reference no: EM132603328

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