Mathematics · Cost Estimation - High-Low Method
A company presents the following data regarding total overhead costs at different activity levels: - Highest level: 1,200 units at a cost of $24,716 - Lowest level: 500 units at a cost of $12,718 Using the high-low method, calculate the variable cost per unit and the total fixed costs.
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- 1Variable cost per unit: $10.00; Total fixed costs: $12,000
- 2Variable cost per unit: $17.14; Total fixed costs: $3,500
- 3Variable cost per unit: $12.00; Total fixed costs: $10,000
- 4Variable cost per unit: $17.14; Total fixed costs: $4,148✓
Correct answer
Variable cost per unit: $17.14; Total fixed costs: $4,148
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