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Ziegler Inc. has decided to use the high-low method to estimate the total cost and the...

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Accounting

Ziegler Inc. has decided to use the high-low method to estimatethe total cost and the fixed and variable cost components of thetotal cost. The data for various levels of production are asfollows:

Units ProducedTotal Costs
1,260$221,760
2,610277,690
4,060344,960

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

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

b. Based on part (a), estimate the total costfor 1,920 units of production.

Total cost for 1,920 units:$

Answer & Explanation Solved by verified expert
4.3 Ratings (867 Votes)
All working forms part of the answer Units Cost High Level 4060 34496000 Low Level 1260 22176000 Difference 2800 12320000    See Answer
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