Business, 16.11.2019 02:31 mirianplacencia27

High-low method diamond 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
12,000 $424,000
15,000 496,000
21,000 640,000
(a). determine the variable cost per unit and the total fixed cost. variable cost (round to two decimal places.) $ per unit
total fixed cost $
(b). based on part (a), estimate the total cost for 17,000 units of production. total cost for 17,000 units $

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High-low method diamond inc. has decided to use the high-low method to estimate the total cost and t...

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