Munoz Corporation incurs the following annual fixed costs: Item Depreciation Cost $ 75,000 Officers' salaries 160,000 Long-term lease 38,000 Property taxes 12,000 Required Determine the total fixed cost per unit of production, assuming that Munoz produces 4,000, 4,500, or 5,000 units. Exercise 11-4B Determining total variable cost The following variable production costs apply to goods made by Raeburn Manufacturing Corporation: Item Cost per Unit Materials Labor $ 8.00 3.50 Variable overhead Total 2.50 $14.00 Required Determine the total variable production cost, assuming that Raeburn makes 5,000, 15,000, or 25,000 units. Exercise 11-6B Fixed versus variable cost behavior Varina Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 6,000 and 12,000 trophies per year. The following cost data apply to various activity levels: Number of Trophies 6,000 8,000 10,000 12,000 Total costs incurred Fixed Variable $48,000 48,000 Total costs $96,000 Cost per unit Fixed $ 8.00 Variable 8.00 Total cost per trophy $ 16.00 Required a. Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. Round all cost-per-unit figures to the nearest whole penny. b. Explain why the total cost per trophy decreases as the number of trophies increases. Exercise 11-8B Graphing variable cost behavior The following graph setups depict the dollar amount of variable cost on the vertical axes and the level of activity on the horizontal axes: Required $ Total variable cost Units Variable cost per unit $ Units a. Draw a line that depicts the relationship between total variable cost and the level of activity. b. Draw a line that depicts the relationship between variable cost per unit and the level of activity.