Texts: 2) Please answer all.
eBook
Once 365
High-low method
Evander Inc has data as follows:
To use the high-low method to estimate the total cost and the fixed and variable costs of the total cost. The data for various levels of production are:
Units Produced Total Costs
1,900 $410,400
3,800 $430,010
5,700 $638,400
This data is collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a) Determine the variable cost per unit and the total fixed cost.
b) Based on part a), estimate the total cost for 2,740 units of product. Total cost for 2,740 units: $