Geoffrey's Glassworks makes glass flanges for scientific use. Materials cost $3 per flange, and the glass blowers are paid a wage rate of $22 per hour. A glass blower blows 10 flanges per hour. Fixed manufacturing costs for flanges are $22,000 per period. Period (nonmanufacturing) costs associated with flanges are $12,000 per period and are fixed Read the requirements Requirement 1. Select the graph that shows fixed, variable, and total manufacturing cost for flanges, using units (number of flanges) on the x-axis (Enlarge each graph before selecting your answer.) COA 100,000 COB. C. a 100.000 100,000 a OD Q 100,000 a 210 0 cous costs 200000000000 Number of Ranges Number 2000000000 Number of fanges Numbers Requirement 2. Assume Geoffrey's Glassworks manufactures and sells 4,000 flanges this period. Its competitor, Fabio's Flasks, selfs flanges for 59 80 each. Can Geoffrey set! below Fabio's price and still make a profit on the flanges? (Round the total cost per unit to two decimal places.) Begin by determining the formula used to calculate the total cost per unit. Total cost per unit The total cost per unit when manufacturing 4,000 flanges is Fabio's price and still make a profit. therefore, they sell below Geoffrey's Glassworks makes glass flanges for scientific use. Materials cost $3 per flange, and the glass blowers are paid a wage rate of $22 per hour. A glass blower blows 10 flanges per hour. Fixed manufacturing costs for flanges are $22,000 per period. Period (nonmanufacturing) costs associated with flanges are $12,000 per period and are fixed. Read the requirements costs B B costs B Number of nedoddax4000 Number of fanges 20600000x4000 Number of farges 206000600x24000 Number of fanges Requirement 2. Assume Geoffrey's Glassworks manufactures and sells 4,000 flanges this period. Its competitor, Fabio's Flasks, sells farges for $9.80 each. Can Geoffrey sel below Fabio's price and still make a profit on the flanges? (Round the total cost per unit to two decimal places.) Begin by determining the formula used to calculate the total cost per unit. The total cost per unit when manufacturing 4,000 flanges is Total cost per unit therefore, they sell below Fabio's price and still make a profit Requirement 3. How would your answer to requirement 2 differ if Geoffrey's Glassworks made and sold 8,000 flanges this period? Why? What does this indicate about the use of unit cost in decision making? (Round the total cost per unit to two decimal places) The total cost per unit when manufacturing 8,000 fanges would be With production and sales at this level, the company could potentially make a profit if the selling price is below $9.80 each. Managers must be cautious using unit costs for decision making because total fixed costs remain the same regardless of the number of units produced Next