FILL IN THE BLANK: Fixed cost per unit when output decreases within the relevant range. decreases at first but then increases O increases remains the same O decreases None of the above CPO Company incurred the following costs for the months of April and May: April May Insurance $7,000 $7,000 Utilities $2,600 $4,400 Depreciation $2,000 $2,000 Materials $5,000 $8,000 Assume output was 1,000 units in April and 4,000 units in May, utilities cost is a mixed cost, and the fixed cost of utilities was $2,000 in each month. What is the variable cost per unit of output for utilities? $0.20 $0.30 O $0.40 $0,60 None of the above Which of the following statements about the method of least squares (regression) is FALSE? Is a way to find the best-fitting line through a set of data points O Always produces the same cost formula when used on the same data set Is a statistical way of separating a mixed cost into fixed and variable components Includes measures of the statistical significance of the relation between the cost driver and the total mixed cost as well as the accuracy of the cost function itself None of the above (ie, all of the above statements are true) Manufacturing overhead (MOH) costs and direct labor hours used in production at CRM Corp. for the 9-month period ending November 2020 are listed below: Direct Labor Hours Total MOH Cost March 3,627 $54,384 April 3,588 $53,980 May 3,637 $54,453 June 3.638 $54,491 July 3,570 $53,800 August 3,611 $54,196 $54,750 September 3,644 October 3,609 $54,181 November 3,670 $54,700 MOH cost is a mixed cost that depends on the number of direct labor hours used in production. Using the high-low method, what would be the total forecasted MOH cost for December 2020 if CRM expects to use 3,600 direct labor hours in December 2020, $53,990 $53,850 $53,970 $54,070 O None of the above