a) Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table.

b)Explain why the total cost per chair decreases as the number of chairs increases.

Exercise 2-6B Fixed versus variable cost behavior Nielsen Chairs Corporation produces ergonomically designed chairs favored by architects. The com- pany normally produces and sells from 2,000 to 5,000 chairs per year. The following cost data apply to various production activity levels: 2,000 3,000 4,000 5,000 Number of Chairs Total costs incurred Fixed Variable $ 80,000 20,000 $100,000 Total costs Per-unit chair cost Fixed Variable Total cost per chair $ 40.00 10.00 $ 50.00 Required a. Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. b. Explain why the total cost per chair decreases as the number of chairs increases