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Tashiro 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 $370,440 238,140 255,600 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost b. Based on part (a), estimate the total cost for 1,810 units of production. Total cost for 1,810 units: 3,570 1,470 2,520 X per unit

Tashiro 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 $370,440 238,140 255,600 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost b. Based on part (a), estimate the total cost for 1,810 units of production. Total cost for 1,810 units: 3,570 1,470 2,520 X 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 Tashiro 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 3,570 1,470 2,520 $370,440 238,140 255,600 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost X per unit b. Based on part (a), estimate the total cost for 1,810 units of production. Total cost for 1,810 units:
Transcribed Image Text:High-Low Method Tashiro 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 3,570 1,470 2,520 $370,440 238,140 255,600 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) Total fixed cost X per unit b. Based on part (a), estimate the total cost for 1,810 units of production. Total cost for 1,810 units:
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