Ziegler Inc. has decided to use the high-low method to estimate the total cost and...
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Accounting
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
840
$163,800
1,510
242,790
2,240
254,800
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 1,110 units of production.
Total cost for 1,110 units:
$
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