Monday, 7 September 2015

Exercise 7 (E11-7) on page 451

Shatner 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   7,500                Total Cost   $600,000
                           12,500                                   $ 725,000
                           20,000                                    $ 800,000

A, Determine the variable cost per unit and the fixed cost.
B. Based on part (a) estimate the total cost for 10,000 units of production.

Exercise 11-7
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