Question
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 | |||
| 1,860 | $178,560 | |||
| 3,140 | 187,090 | |||
| 4,960 | 277,760 | |||
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 2,460 units of production.
| Total cost for 2,460 units: | $ |
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
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...
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 2,240 $98,000
840 63,000 1,450 90,160 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...
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
6,970
$723,240
2,870
464,940
4,620
629,740
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...
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
3,740
$271,040
1,540
174,240
2,750
195,920
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...
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the...
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 4,950 $425,040 1,650 273,240
3,230 321,210 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...
Ziegler Inc. has decided to use the high-low method to estimate the total cost and the...
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
850
$122,400
1,530
137,630
2,550
190,400
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...
#5 High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total...
#5
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
975
$121,500
1,550
149,040
2,475
189,000
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...
Please show all work ziegler Inc. has decided to use the high-low method to estimate the...
Please show all work
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
80,000
$25,100,000
92,000
27,206,000
120,000
32,120,000
a. Determine the variable cost per unit and the
total fixed cost.
Variable cost (Round to two decimal places.)
$ per unit
Total fixed cost
$
b. Based on part (a),...
High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data...
High-Low Method
Liberty Inc. has decided to use the high-low method to estimate
costs. The data for various levels of production are as
follows:
Units Produced
Total Costs
100,000
$1,800,000
180,000
2,800,000
300,000
4,300,000
a. Determine the variable cost per unit and the
fixed cost. Round variable cost per unit to the nearest cent.
Variable cost per unit
$__________
Fixed cost
$__________
b. Based on part (a), estimate the total cost
for 260,000 units of production.
$___________
High-Low Method for a Service Company Boston Railroad decided to use the high-low method and operating...
High-Low Method for a Service Company
Boston Railroad decided to use the high-low method and operating
data from the past six months to estimate the fixed and variable
components of transportation costs. The activity base used by
Boston Railroad is a measure of railroad operating activity, termed
“gross-ton miles,” which is the total number of tons multiplied by
the miles moved.
Transportation Costs
Gross-Ton Miles
January
$1,452,500
387,000
February
1,619,400
432,000
March
1,144,500
280,000
April
1,552,600
419,000
May
1,302,200
337,000...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 5 minutes ago
asked 14 minutes ago
asked 20 minutes ago
asked 21 minutes ago
asked 36 minutes ago
asked 38 minutes ago
asked 58 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago