Frazier Manufacturing Company collected the following production data for the past month:
|
Units Produced |
Total Cost |
|
|
1,600 |
$33,000 |
|
|
1,300 |
28,500 |
|
|
1,500 |
33,750 |
|
|
1,100 |
24,750 |
If the high low method is used, what is the monthly total cost equation?
|
Total cost = $0 + $22.50/unit |
|
Total cost = $4,950 + $18/unit |
|
Total cost = $8,250 + $15/unit |
|
Total cost = $6,600 + $16.50/unit |