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Tashiro Inc

Finance

Tashiro 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

4,930 $365,400  

2,030 234,900  

3,060 252,130  

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

 

Variable cost (Round to two decimal places.) $fill in the blank 1

per unit

Total fixed cost $fill in the blank 2

b. Based on part (a), estimate the total cost for 2,510 units of production.

 

Total cost for 2,510 units: $fill in the blank 3

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