You are given the following
manufacturing cost data for last year.
This data includes the fixed costs as we
as the variable costs:
units made
total costs
January
1,197
$101,571
February
1,046
$90,724
March
1,289
$108,925
April
1,114
$99,577
May
1,192
$105,879
June
1,553
$121,239
July
1,399
$115,966
August
1,409
$112,135
September
1,714
$142,939
October
1,478
$118,232
November
1,794
$146,524
December
1,322
$114,027
Using the high-low method, what is
your estimate for the fixed costs of
production?
Please provide the answer to the
nearest whole number (zero
decimal places).
Answer: