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 $393,120 492,270 611,520 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: 2,145 4,260 6,045 per unit b. Based on part (a), estimate the total cost for 2,950 units of production. Total cost for 2,950 units:

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 $393,120 492,270 611,520 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: 2,145 4,260 6,045 per unit b. Based on part (a), estimate the total cost for 2,950 units of production. Total cost for 2,950 units:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If variable manufacturing costs are $18 per unit and total fixed manufacturing costs are $318,500, what is the manufacturing cost per unit if: a. 4,900 units are manufactured and the company uses the variable costing concept?$ b. 6,500 units are manufactured and the company uses the variable costing concept?$ c. 4,900 units are manufactured and the company uses the absorption costing concept?$ d. 6,500 units are manufactured and the company uses the absorption costing concept?$
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If variable manufacturing costs are $13 per unit and total fixed manufacturing costs are $245,100, what is the manufacturing cost per unit if a. 4,300 units are manufactured and the company uses the variable costing concept?
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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 7,425 $415,800 2,925 267,300 4,860 348,380 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 3,730 units of production. Total cost for 3,730 units: $
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