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maks197457 [2]
3 years ago
5

Ziegler 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 855 $143,640 1,910 168,860 2,755 223,440 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $ per unit Total fixed cost: $ b. Based on part (a), estimate the total cost for 1,300 units of production. Total cost for 1,300 units: $
Business
1 answer:
irga5000 [103]3 years ago
5 0

Answer:

Variable cost per unit = $42 per unit

Total fixed cost = $107,730

Total cost for 1,300 units = $162,330

Explanation:

Mathematically;

Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

From the question;

Total cost at highest level = 223,440

Total cost at lowest level = 143,640

Highest level = 2755

lowest level = 855

Substituting these values, we have;

Variable cost per unit = (223,440-143,640)/(2755-855) = 79,800/1900 = $42 per unit

Fixed costs = Total cost at highest level- ( variable cost per unit * units produced at highest level) = 223,440-(42 * 2755) = 107,730

Total cost for 1,300 units

Total cost = Fixed cost + Variable cost per unit(number of units)

= $107,730 + 42(1,300) = $162,330

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3 years ago
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Pavel [41]

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9.69%

Explanation:

Given the following :

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Hence internal growth rate :

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6 0
3 years ago
At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an a
Yanka [14]

Answer:

n =   ㏒ P ÷ ㏒ (1.08)

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Compound interest rate

A = P × (1 + r)^{n}

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r  = annual rate of interest (as a decimal)

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n  =  number of years

Since we want the principle amount to double i.e., A = 2P

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divide both sides by P, we get

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mojhsa [17]

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Naya [18.7K]

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