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

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Accounting

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
2,635 $128,520
935 82,620
1,570 86,570

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

Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit
Total fixed cost: $fill in the blank 2

b. Based on part (a), estimate the total cost for 1,290 units of production.

Total cost for 1,290 units: $fill in the blank 3

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