Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level.
Units Produced |
Total Cost |
|
March |
10,000 |
$18,000 |
April |
9,000 |
16,650 |
May |
10,500 |
18,580 |
June |
8,800 |
16,200 |
July |
9,500 |
17,100 |
(a)Compute the variable- and fixed-cost elements using the high-low method.
(b)Estimate the total cost if the company produces 9,200 units.