High-low method
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
104,500
$30,703,250
119,500
33,380,750
136,500
36,415,250
This information has been collected in the Microsoft Excel
Online file. Open the spreadsheet, perform the required analysis,
and input your answers in the questions below.
Determine the variable cost per unit and...