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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 980 $153,720 164,990 239,120 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 1,210 units of production. Total cost for 1,210 units: 1,550 Total Costs 2,380 per unit

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 980 $153,720 164,990 239,120 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 1,210 units of production. Total cost for 1,210 units: 1,550 Total Costs 2,380 per unit

FINANCIAL ACCOUNTING
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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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 980 $153,720 164,990 239,120 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 1,210 units of production. Total cost for 1,210 units: Total Costs 1,550 2,380 per unit
Transcribed Image Text: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 980 $153,720 164,990 239,120 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 1,210 units of production. Total cost for 1,210 units: Total Costs 1,550 2,380 per unit
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