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FinanceQ&A LibraryHigh-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 4,760 $305,760 1,960 196,560 3,290 236,090 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank Total fixed cost: $fill in the blank b. Based on part (a), estimate the total cost for 2,420 units of production. Total cost for 2,420 units: $fill in the blankStart your trial now! First week only $4.99!*arrow_forward*

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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 |
|||

4,760 | $305,760 | |||

1,960 | 196,560 | |||

3,290 | 236,090 |

**a. **Determine the variable cost per unit and the total fixed cost.

Variable cost: (Round to the nearest dollar.) | $fill in the blank |

Total fixed cost: | $fill in the blank |

**b. **Based on part (a), estimate the total cost for 2,420 units of production.

Total cost for 2,420 units: | $fill in the blank |

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