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Do It! Review 11-2 Sheffield Company accumulates the following data concerning a mixed cost, using units produced as the actiYour answer is incorrect. Try again. Compute the fixed cost elements using the high-low method. (Round answer to 0 decimal pl

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Answer #1

Variable cost per unit = (27310-23722)/(10600-9040)

= $2.3 per unit

Fixed cost = 27310 - 2.3*10600 = $2930

Total cost to produce 8000 units = 2930+8000*2.3 = $21330

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