FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 | |||
7,095 | $252,840 | |||
2,795 | 162,540 | |||
4,350 | 186,920 |
a. Determine the variable cost per unit and the total fixed cost.
Variable cost (Round to two decimal places.) | $fill in the blank 1 | per unit |
Total fixed cost | $fill in the blank 2 |
b. Based on part (a), estimate the total cost for 3,560 units of production.
Total cost for 3,560 units: | $fill in the blank 3 |
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