Westerville company accumulates the following data concerning a mixed cost, using units produced as the activity level. units produced total cost march 10,079 $19,914 april 8,835 18,007 may 10,530 20,701 june 8,680 17,556 july 9,340 18,436 compute the variable cost per unit using the high-low method. (round variable cost per unit to 2 decimal places e. g. 12.25.) variable cost per unit $ compute the fixed cost elements using the high-low method. fixed cost $ estimate the total cost if the company produces 8,620 units. total cost to produce 8,620 units $

(i) $1.7 per unit

(ii) $2,800

(iii)  $17,454

Explanation:

(1) Variable cost per unit:

= (Total cost at high units - Total cost at low units) ÷ (high no. of units - low no. of units)

= ($20,701 - $17,556) ÷ (10,530 - 8,680)

= 3,145 ÷ 1,850

= $1.7 per unit

(2) Fixed cost = Total cost at 8,680 units - variable cost

                       = $17,556 - (8,680 units × $1.7)

                       = $17,556 - $14,756

                       = $2,800

(3) Total cost to produce 8,620 units:

= Variable cost + Fixed cost

= (8,620 units × $1.7 per unit) + $2,800

= $14,654 + $2,800

= $17,454

answer: life insurance

explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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