You may use any of the additional resources listed in the

Reference no: EM13605268

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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:

unit produced total costs

7500 600000
12500 725000
20000 800000

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

Variable cost: ___________
(Round to nearest dollar.) _____________ $ per unit
Total fixed cost: $ ____________.

2. Based on part 1, estimate the total cost for 10,000 units of production.
Total cost for 10,000 units: $ _____________.

Reference no: EM13605268

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