2. Walton Woodcraft Company manufactures antique wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks for your assistance. He believes that he needs to better understand the cost of the cabinets for pricing purposes. You have collected the following data concerning actual production over the past year:

	Number of
Month	Cabinets Produced		Total Cost
January	880		$	21,400
February	3,650			32,500
March	1,950			29,100
April	690			18,000
May	1,590			28,900
June	1,310			27,500
July	1,140			25,300
August	1,770			31,200
September	2,340			32,900
October	2,930			31,900
November	3,300			32,500
December	350			9,400

Required

Using the high-low method, compute the total cost equation for the preceding data.

(1) Compute the variable cost per unit.

(2) Compute total fixed costs.

(4) Calculate the total cost assuming 2,800 cabinets are made.

Variable cost per unit
Total fixed costs
Total costs