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Problem 11-1 Greek Week Inc makes and sells sweatshirts for college students. The company normally produces and sells betweer 20,000 10,000 and per year The
Problem 11-1 Greek Week Inc makes and sells sweatshirts for college students. The company normally produces and sells betweer 20,000 10,000 and per year The following cost data applies to various activity levels 10,000 Number of Sweatshirts 13,000 16,000 20,000 Total Costs Incurred $68,000 $50.000 $118,000 Fixed Variable Total Costs Cost per Unit Fixed $6.80 $5.00 $11.80 Variable Total Cost per Sweatshirt REQUIRED 1. Complete the schedule above by filling in the missing $ amounts for the 4 different levels of activity shown in the first row of the table. Round all cost per unit figures to the nearest whole penny 2. Explain why the total cost per sweatshirt decreases as the number of sweatshirts increases
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