Global Publishers has collected the following data for recent months:   Month                         Issues Published            Total Cost March                                 2,500                       $20,960 April                                   3,800                         22,464 May                                    1,750                         18,495 June                                    2,200                         21,395   Using the high-low method, find variable cost per unit and total fixed costs. What is the estimated cost for a month in which 4,000 issues are published?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Global Publishers has collected the following data for recent months:

 

Month                         Issues Published            Total Cost

March                                 2,500                       $20,960

April                                   3,800                         22,464

May                                    1,750                         18,495

June                                    2,200                         21,395

 

  1. Using the high-low method, find variable cost per unit and total fixed costs.
  2. What is the estimated cost for a month in which 4,000 issues are published?

 

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