Tashiro Inc. has decided to use the high-low method to estimate the total cost and...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Tashiro 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 3,910 $386,400 1,610 248,400 2,870 323,750 a. Determine the variable cost per unit and the total fixed cost. (Round to two decimal places.) Variable cost per unit Total fixed cost b. Based on the information above, estimate the total cost for 1,990 units. Total cost for 1,990 units
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
