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High-low method Evander 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 800 1,540 2,400 $66,240 93,100 103,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 1,150 units of production. Total cost for 1,150 units $

High-low method Evander 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 800 1,540 2,400 $66,240 93,100 103,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 1,150 units of production. Total cost for 1,150 units $

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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High-low method Evander 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 800 1,540 2,400 $66,240 93,100 103,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 1,150 units of production. Total cost for 1,150 units $
Transcribed Image Text:High-low method Evander 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 800 1,540 2,400 $66,240 93,100 103,040 a. Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 1,150 units of production. Total cost for 1,150 units $
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