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 $128,800 82,800 103,680 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 1,990 units of production. 3,910 1,610 2,820 Total cost for 1,990 units: per unit
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 $128,800 82,800 103,680 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 1,990 units of production. 3,910 1,610 2,820 Total cost for 1,990 units: per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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