Shatner 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: 1,665 Total Costs: $186,480 Units Produced: 3,160 Total Costs: $214,450 Units Produced: 5,365 Total Costs: $290,080 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) b. Based on part (a), estimate the total cost for 2,530 units of production.

Shatner 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: 1,665 Total Costs: $186,480 Units Produced: 3,160 Total Costs: $214,450 Units Produced: 5,365 Total Costs: $290,080 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) b. Based on part (a), estimate the total cost for 2,530 units of production.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7E: High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and...

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