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Solomon Woodcraft Company manufactures antlque wooden cablnets to house modern televislons. The Company began operations In January of last year. Sidney Myrick, the owner, asks
Solomon Woodcraft Company manufactures "antlque" wooden cablnets to house modern televislons. The Company began operations In January of last year. Sidney Myrick, the owner, asks for your assistance. He belleves 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. 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 1,800 cabinets are made. Complete this question by entering your answers in the tabs below. Enter the number of units and their costs in increasing order. 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 varlable cost per unit. (2) Compute total fixed costs. (4) Calculate the total cost assuming 1,800 cabinets are made. Complete this question by entering your answers in the tabs below. Using the high-low method, compute the total cost equation for the preceding data. Compute the variable cost per unit, total fixed costs, and total cost assuming 1,800 cabinets are made. (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 1,800 cabinets are made. Complete this question by entering your answers in the tabs below. Enter the number of units and their costs in increasing order
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