Observations Unit Volume Total Production Cost 1 6,500 26,500 2 7,000 28,000 3 8,100 31,800 4 5,500 24,500 5 5,400 25,000 6 3,600 21,400 7 3,400 15,300 8 7,500 28,500 9 3,500 19,000 10 3,000 18,000 11 9,000 32,000 12 4,400 21,500 13 7,200 28,500 14 500 5,000 Using the data above, create a scattegraph method and determine the total variable cost per unit total fixed cost, and total variable cost.

Observations Unit Volume Total Production Cost 1 6,500 26,500 2 7,000 28,000 3 8,100 31,800 4 5,500 24,500 5 5,400 25,000 6 3,600 21,400 7 3,400 15,300 8 7,500 28,500 9 3,500 19,000 10 3,000 18,000 11 9,000 32,000 12 4,400 21,500 13 7,200 28,500 14 500 5,000 Using the data above, create a scattegraph method and determine the total variable cost per unit total fixed cost, and total variable cost.

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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Observations	Unit Volume	Total Production Cost
1	6,500	26,500
2	7,000	28,000
3	8,100	31,800
4	5,500	24,500
5	5,400	25,000
6	3,600	21,400
7	3,400	15,300
8	7,500	28,500
9	3,500	19,000
10	3,000	18,000
11	9,000	32,000
12	4,400	21,500
13	7,200	28,500
14	500	5,000