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Solomon Woodcraft Company manufactures antique wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks

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Solomon Woodcraft Company manufactures "antique" wooden cabinets to house modern televisions. The Company began operations in January of last year. Sidney Myrick, the owner, asks for your assistance. He believes that he needs to better understand the cost of the cabinets for pricing purposes. You have collected the following data concerning actual production over the past year: Month January February March April May June July August September October November December Number of Cabinets Produced 810 3,690 1,980 650 1,590 1,350 1,180 1,780 2,340 2,980 3,290 330 Total Cost $21,600 33,300 29,900 18, 200 28, 100 27,500 25,900 31,900 32,500 31,600 32,200 13, 140 Required a. To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line. (1) Enter the number of units and their costs in increasing order. b. Using the high-low method, compute the total cost equation for the preceding data. (1) Compute the variable cost per unit. (2) Compute total fixed costs. (4) Calculate the total cost assuming 1,300 cabinets are made

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