Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels..

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 Costs100,000 ………………… $1,800,000180,000 …………………. 2,800,000300,000 …………………. 4,300,000a. Determine the variable cost per unit and the fixed cost.b. Based on part (a), estimate the total cost for 260,000 units of production?View Solution:
Liberty Inc has decided to use the high low method to

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