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thank you this is part b: thank you very much Stuart Woodcraft Company manufactures antique wooden cabinets to house modern televisions. The Company began operations
thank you
this is part b:
thank you very much
Stuart 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 880 $21,400 February 3,620 32,988 March 1,920 29, 300 April 600 19,000 1,578 28,600 June 1,270 27,980 July 1,110 25, 200 August 1,740 31,280 September 2,342 32,380 October 3,000 31,500 November 3,270 33,000 December 340 6,660 May 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. Comoute the variable cost per unit. Next > e here to search Required A Required B Enter the number of units and their costs in increasing order. Month Number of Cabinets Produced Total Cost Required A Required B > 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 2,500 cabinets are made. Complete this question by entering your answers in the tabs below. Required A Required B Using the high-low method, compute the total cost equation for the preceding data. Compute the variable cost per unit, tot fixed costs, and total cost assuming 2,500 cabinets are made. Variable cost per unit Total fixed costs Total costsStep by Step Solution
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