Frazier Manufacturing Company collected the following production data for the past month:
| Units Produced |
Total Cost |
| 1,600 |
$66,000 |
| 1,300 |
57,000 |
| 1,500 |
67,500 |
| 1,100 |
49,500 |
If the high-low method is used, what is the monthly total cost equation?
|
Total cost = $0 + $45/unit
|
|
Total cost = $13,200 + $33/unit
|
|
Total cost = $16,500 + $30/unit
|
|
Total cost = $9,900 + $36/unit
|