High-Low MethodZiegler Inc. has decided to use the high-low method toestimate the total cost and the fixed and variable costcomponents of the total cost. The data for various levels ofproduction are as follows:Units Produced Total Costs2,6004,6906,600$295,200399,830459,200a. Determine the variable cost per unit and the total fixedcost.Variable cost: (Round to the nearest dollar.)Total fixed cost:b. Based on part (a), estimate the total cost for 3,310units of production.Total cost for 3,310 units:per unit$

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 2,600 $295,200 4,690 399,830 6,600 459,200 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: per unit b. Based on part (a), estimate the total cost for 3,310 units of production. Total cost for 3,310 units:

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 2,600 $295,200 4,690 399,830 6,600 459,200 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: per unit b. Based on part (a), estimate the total cost for 3,310 units of production. Total cost for 3,310 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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answer in text form please both a and b (without image)