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Adams Woodcraft Company manufactures antique wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks

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Adams 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: Month January February March 3,680 1,990 April May June July August September October November December Number of Cabinets Produced Total Cost 880 $ 21,900 32,700 29,400 620 18,100 1,600 28,900 1,330 27,200 1,200 25,700 1, 720 31,600 2,290 32,300 2,930 31,300 3,250 32,200 330 9,250 Required a. To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line. (1) Enter the number of units and their costs in increasing order. b. 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 1,500 cabinets are made. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Using the high-low method, compute the total cost equation for the preceding data. Compute the variable cost per unit, total fixed costs, and total cost assuming 1,500 cabinets are made. Variable cost per unit Total fixed costs Total costs $ (196,200) $ (194,693)

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