Ziegler 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
80,000 $25,100,000
92,000 27,206,000
120,000 32,120,000
a. Determine the variable cost per unit and the total fixed cost.
b. Based on part (a), estimate the total cost for 115,000 units of production.
+5
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Ziegler 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.