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High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost...

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 Produced Total Costs
1,400 $230,400
2,210 294,400
3,400 358,400

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

Variable cost: (Round to the nearest dollar.) $ per unit
Total fixed cost: $

b. Based on part (a), estimate the total cost for 1,730 units of production.

Total cost for 1,730 units: $
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