Cost Behavior High-Low Contribution Margin Cost Behavior Shaded cells have feedback. Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Units Produced 15,000 shelves 30,000 shelves 60,000 shelves 75,000 shelves Total Lumber Cost $180,000 360,000 720,000 900,000 Total Utilities Cost $18,250 35,500 70,000 87,250 Total Machine Depreciation Cost $135,000 135,000 135,000 135,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Variable Cost Fixed Cost Mixed Cost None of these Lumber Utilities Depreciation 0 0 O 0 Check My Work Allw i nter Samed Submit Assignme Cost Behavior Shaded cells have feedback. 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "O". Recall that, for Number of Units Produced, Total Costs - (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Cost Fixed Portion of Cost Variable Portion of Cost (per unit) Lumber $180,000.00 X Utilities 1,000 1.15 Depreciation 135,000 Points: 376 Feedback Check My Work Review the definitions for fixed, variable, and mixed costs, and the relationships between units produced and total cost for each type of cost. Recall that the high-low method may be used to separate a cost into its fixed and variable components. Check My Work Previd