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(4 marks) [CLO 2, 3; CMA part 2) Total production costs of prior periods for a company are listed as follows. Assume that the same

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(4 marks) [CLO 2, 3; CMA part 2) Total production costs of prior periods for a company are listed as follows. Assume that the same cost behavior patterns can be extended linearly over the range of 3,000 to 35,000 units and that the cost driver for each cost is the number of units producod. Production in Units per month Production in Units per month Total cost Product X Total cost Product 3000 units 9000 units 16000 units 35000 units $23.700 $ 52.580 $ 86,490 $178,260 47,280 141,840 252,160 551.600 Required: 1. For each product determine whether total cost is variable, fixed or mixed (show calculation and explanation), 2. What is the average cost per unit at a production level of 8,000 units for product

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