Making cricket bats 1 What is meant by a fixed cost? Use examples from the case to support your answer. In 2015, Kandasan Cricket Bats produced 4800 bats. 2 Calculate the total cost of production. In 2016, the rent increased to LKR 60 000. 3 Calculate the total cost of producing 6000 bats taking into account this cost increase.CASE STUDY: KANDASAN CRICKET BATS Kandasan Cricket Bats manufactures high-quality cricket bats. The company, which is based in Colombo, Sri Lanka, employs six skilled craftsmen. Table 16.1 shows some cost information for the business in 2015. Rent LKR 50 000 p.a. Business rates LKR 5000 p.a. Other fixed costs LKR 25 000 p.a. Wood LKR 30 per bat Other raw materials LKR 10 per bat Labour LKR 50 per bat Other variable costs LKR 10 per bat Table 16.1 Cost information for Kandasan Cricket Bats