Business
Business, 22.04.2021 18:10, glo251

High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows:
Units Produced Total Costs
100,000 $1,800,000
180,000 2,800,000
300,000 4,300,000
a. Determine the variable cost per unit and the fixed cost. Round variable cost per unit to the nearest cent.
Variable cost per unit $
Fixed cost $
b. Based on part (a), estimate the total cost for 260,000 units of production.
$

answer
Answers: 1

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High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data fo...

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