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b. view Gz manufactures antique wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks
b.
view Gz 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 Produced 3, 640 Month January February March April May June July August September October November December Cabinets Total Cost 820 $21,900 32,500 29,600 18,200 28,400 1,310 27,500 1,180 25,400 1,760 31,900 32,000 2,930 31,80e 3,310 32,500 9,610 2,000 620 1,560 2,290 370 5 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. eBook 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 2,600 cabinets are made. Complete this question by entering your answers in the tabs below. Enter the Humber of Uhits and thir cots in incrsing rder Number of Cabinets Produced Month Total Cost Required A Required B 5 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 2,600 cabinets are made. (Round "variable cost per unit" answer to 4 decimal places.) Variable cost per unit Total fixed costs Total costs eBook K Required A
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