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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
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B
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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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