A company has the following historic pattern of total manufacturing costs versus total number of products produced: MONTH UNITS TOTAL COSTS PRODUCED January 12,500 $430,000 February 17,000 $490,000 March 19,000 $512,000 April 10,000 $400,000 May 14,000 $434,000 June 9,000 $360,000 July 20,000 $550,000 August 21,000 $525,000 September 24,000 $605,000 October 23,000 $589,000 November 28,000 $702,000 December 18,000 $496,000 1) From this information, what are my approximate fixed costs and what is my estimated variable cost per product produced? (20 POINTS)

Fixed Costs =

Variable Cost per Unit =