Q. (Required) A company that produces and sells a single product has provided the following volume and average cost data for two accounting periods:

Level of activity (units)............$1,000 $2,000

Direct materials......................$4.00 $4.00

Direct labor ............................$3.00 $3.00

Manufacturing overhead..........$3.50 $2.50

General, selling, and administrative expenses........$1.00 $0.50

The best estimates of the total fixed cost and variable cost per unit are closest to:

Q: (Required) A company that produces and sells a single product has provided the following volume and average cost data for two accounting periods: Level of activity (units). 1.000 2,000 Direct materials $4.00 $4.00 Direct labor $3.00 $3.00 Manufacturing overhead $3.50 $2.50 General, selling, and administrative expenses...... $1.00 $0.50 The best estimates of the total fixed cost and variable cost per unit are closest to