What is the monthly total cost equation

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Frazier Manufacturing Company collected the following production data for the past month:

Units Produced         Total Cost

1,600                        $66,000

1,300                        57,000

1,500                       67,500

1,100                         49,500

Problem 1: If the high-low method is used, what is the monthly total cost equation?

Total cost = $13,200 + $33/unit

Total cost = $9,900 + $36/unit

Total cost = $0 + $45/unit

Total cost = $16,500 + $30/unit

Reference no: EM132711649

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