Question
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 for 1,220 units of production.
| Total cost for 1,220 units: | $ |
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