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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,

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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: Number of Cabinets Total Month Produced Cost January 860 $ 21,800 February 3,630 33,300 March 1,910 29,200 April 650 18,500 May 1,600 29,000 June 1,320 27,900 July 1,120 25,500 August 1,790 31,600 September 2,290 32,400 October 2,970 31,700 November 3,290 32,500 December 400 13,920 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 1,200 cabinets are made. Complete this question by entering your answers in the tabs below. Required Required A B Enter the number of units and their costs in increasing order. Number of Month Cabinets Total Cost Produced < Required A Required B >

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