Cost behavior

Merry Olde Games produces croquet sets. The company makes fixed monthly payments to the local utility based on the previous year$$s electrical usage. Any difference between actual and expected usage is paid in January of the year following usage.

In February, Merry Olde Games made $2,000$ croquet sets and incurred the following costs:

Cardboard boxes $$1,400$

Mallets $(2$ per set$)16,800$

Croquet balls $(6$ per set$)12,600$

Wire hoops $(12$ per set, including extras$)5,040$

Total hourly wages for production workers $11,760$

Supervisor$$s salary $3,640$

Building and equipment rental $3,920$

Utilities $1,820$

Total $$56,980$

a$.$ What was the per$-$unit cost of each component of a croquet set? Enter amounts in the table below.

Note: If an amount is not determinable, leave the answer blank or enter a zero.

b$.$ What was the total cost of each croquet set? Enter the amounts in the table below.

Note: If an amount is not determinable, leave the answer blank or enter a zero.

$($a$)$ Cost Per Unit $($b$)$ Cost Per Set

Cardboard boxes Answer

Answer

Mallets Answer

Answer

Croquet balls Answer

Answer

Wire hoops Answer

Answer

Production worker wages Answer

Answer

Supervisor$$s salary Answer

Answer

Building and equipment rental Answer

Answer

Utilities Answer

Answer

Total Answer

c$.$ Production for March is expected to be $2,500$ croquet sets. Last November, when $2,500$ sets were made, utility cost was $$1,960.$ There have been no rate changes at the local utility companies since that time.

What is the estimated cost per set for March?

Note: Round final answer to two decimal places. $Answer