E6-21A Forecast costs at different volumes (Learning Objectives 1 & 2) Princeton Drycleaners has capacity to clean up to 5,000 garments per month. Requirements 1. Complete the following schedule for the three volumes shown. 2,000 Garments 3,500 Garments $2,100 5,000 Garments Total variable costs Total fixed costs Total operating costs Variable cost per garment Fixed cost per garment Average cost per garment $2.00 2. Why does the average cost per garment change? 3. Suppose the owner, Dale Princeton, erroneously uses the average cost per unit at full capacity to predict total costs at a volume of 2,000 garments. Would he overestimate or underestimate his total costs? By how much