eBook Show Me How 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 lev production are as follows: Units Produced 2,340 4,220 5,940 Total Costs $187,920 249,720 292,320 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: b. Based on part (a), estimate the total cost for 2,980 units of production. Total cost for 2,980 units: per unit
eBook Show Me How 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 lev production are as follows: Units Produced 2,340 4,220 5,940 Total Costs $187,920 249,720 292,320 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: b. Based on part (a), estimate the total cost for 2,980 units of production. Total cost for 2,980 units: per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![eBook
Show Me How
2,340
$187,920
4,220
249,720
5,940
292,320
a. Determine the variable cost per unit and the total fixed cost.
Variable cost: (Round to the nearest dollar.)
Total fixed cost:
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
Check My Work 2 more Check My Work uses remaining.
$
b. Based on part (a), estimate the total cost for 2,980 units of production.
Total cost for 2,980 units:
$
per unit
All work saved.
Ti
Previous
B
Next >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F35476e03-a3ea-46f3-b8c4-a66dbeedb2b5%2F2c22fbde-9eca-428b-8d04-c44d23a1cfdc%2Fl0ehtn2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:eBook
Show Me How
2,340
$187,920
4,220
249,720
5,940
292,320
a. Determine the variable cost per unit and the total fixed cost.
Variable cost: (Round to the nearest dollar.)
Total fixed cost:
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
Check My Work 2 more Check My Work uses remaining.
$
b. Based on part (a), estimate the total cost for 2,980 units of production.
Total cost for 2,980 units:
$
per unit
All work saved.
Ti
Previous
B
Next >
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