E20.22 Continuation of Exercise E20.219); cost data: manufacturer LO 20.2 19 Page 957 Refer to the data given in Exercise E20.21 1). The divisional accountant at Hotsounds has estimated the following cost data for the division's MP4 players. (There are no fixed costs.) Quantity produced and sold per month Average cost per unit 20 $225 40 212 60 205 80 215 100 222 Required 1. Prepare a table of data, using the following column headings: quantity produced and sold per month, average cost per unit, total cost per month, changes in total cost. 2. Draw a graph that shows the total cost curve. E20.23 Profit-maximising price: manufacturer LO 20.2 Refer to the data given in Exercises E20.21 9 and E20.22 (9. Required 1. Prepare a table of revenue, cost and profit relationships. For guidance, refer to panel C of Exhibit 20.2 (@) 2. Draw a graph similar to that in panel A of Exhibit 20.2 49), reflecting the data tabulated in requirement 1. 3. To narrow down the pricing decision, the Hotsounds sales manager has decided to price the MP4 player at one of the following prices: $200, $212, $225, $237 or $250. Which price do you recommend? Why