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Based on a table of total costs and activity levels, determine the high and low activity levels of Caviat Company. Month Production Total cost January
Based on a table of total costs and activity levels, determine the high and low activity levels of Caviat Company.
Month | Production | Total cost |
January | 1,470 | $170,900 |
February | 1,560 | $161,700 |
March | 1,530 | $151,700 |
April | 1,940 | $201,180 |
May | 1,460 | $141,500 |
June | 1,500 | $148,800 |
July | 1,580 | $169,100 |
August | 1,420 | $148,800 |
September | 1,580 | $165,900 |
October | 1,620 | $180,000 |
November | 1,680 | $176,000 |
December | 700 | $80,900 |
Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places.
a) Use the high and low activity levels to calculate the variable cost per unit.
Variable cost per unit: $Answer
b) Calculate the total fixed cost.
Fixed Cost: $Answer
c) Calculate the total cost to produce 1,660 units.
Total Cost: $Answer
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