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

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
3,910
71
1,610
2,820
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.
$128,800
82,800
103,680
Total cost for 1,990 units:
$
$
per unit
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 3,910 71 1,610 2,820 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. $128,800 82,800 103,680 Total cost for 1,990 units: $ $ per unit
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