Graham's Glassworks makes glass flanges for scientific use. Materials cost $1 per flange, and the glass blowers are paid a wage rate of $20 per hour. A glass blower blows 10 flanges per hour. Fixed manufacturing costs for flanges are $20,000 per period. Period (nonmanufacturing) costs associated with flanges are $10,000 per period and are fixed. Read the requirements, Begin by determining the formula used to calculate the total cost per unit. Total fixed costs Total variable costs / Units produced and sold = Total cost per unit ; therefore, they cannot sell below The total cost per unit when manufacturing 5,000 flanges is $ Freda's price and still make a profit. Requirement 3. How would your answer to requirement 2 differ if Graham's Glassworks made and sold 12,000 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 12,000 fanges would be s With production and sales at this level, the company could potentially make a profit if the selling price is below $8.00 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 2/4/ Choose from any list or enter any number in the input fields and then continue to the next