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SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula:
SmokeCity, Inc., manufactures barbeque smokers. Based on past experience, SmokeCity has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $532,140 + $1.41X, where X equals number of smokers. Last year, SmokeCity produced 19,600 smokers. Actual overhead costs for the year were as expected.
For questions 2-4, Enter the final answers rounded to the nearest dollar. 2. What is the total overhead cost incurred by SmokeCity last year? 3. What is the total fixed overhead cost incurred by SmokeCity last year? 4. What is the total variable overhead cost incurred by SmokeCity last year? X For questions 5-7, round your answers to the nearest cent. Use those rounded 5. What is the overhead cost per unit produced? per unit 6. What is the fixed overhead cost per unit? per unit 7. What is the variable overhead cost per unit? X per unitStep by Step Solution
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