> High-low method Evander 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 1,595 2,800 Total Costs $193,140 261,600 a. 4,495 300,440 Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 2,190 units of production. Total cost for 2,190 units $
> High-low method Evander 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 1,595 2,800 Total Costs $193,140 261,600 a. 4,495 300,440 Determine the variable cost per unit and the total fixed cost. Variable cost $ Total fixed cost $ b. Based on part (a), estimate the total cost for 2,190 units of production. Total cost for 2,190 units $
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 7E: High-low method Ziegler Inc. has decided to use the high-low method to estimate the total cost and...
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High-low method
Evander 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
1,595
2,800
Total Costs
$193,140
261,600
a.
4,495
300,440
Determine the variable cost per unit and the total fixed cost.
Variable cost $
Total fixed cost $
b. Based on part (a), estimate the total cost for 2,190 units of production.
Total cost for 2,190 units $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F36d1babd-9f28-4e05-8dee-d2d1dfa508fb%2F5c10f18f-1a3a-4325-a71b-4759e604e545%2Fmyt6uke_processed.jpeg&w=3840&q=75)
Transcribed Image Text:>
High-low method
Evander 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
1,595
2,800
Total Costs
$193,140
261,600
a.
4,495
300,440
Determine the variable cost per unit and the total fixed cost.
Variable cost $
Total fixed cost $
b. Based on part (a), estimate the total cost for 2,190 units of production.
Total cost for 2,190 units $
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