Thornton 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 Total Cost Cabinets Month. Produced January 900 $22,000 February 3,630 33,100 March 1,940 29,800 April 620 18,000 May 1,580 28,600 June 1,290 27,400 July 1,120 26,000 August 1,740 31,700 September 2,340 32,400 October 2,920 31,800 November 3,270 32,100 December 320 16,550 ces 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 1,600 cabinets are made. Complete this question by entering your answers in the tabs below. < Prev 33 of 37 Next > (4) Calculate the total cost assuming 1,600 cabinets are made. Complete this question by entering your answers in the tabs below. Book Required A Required B Ask Enter the number of units and their costs in increasing order. D Month Number of Cabinets Produced Total Cost wrences Required 8 > points equation for the preceding data. eBook Ask References (1) Compute the variable cost per unit. (2) Compute total fixed costs. (4) Calculate the total cost assuming 1,600 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, total fixed costs, and total cost assuming 1,600 cabinets are made. Variable cost per unit Total fixed costs Total costs