Total Fixed Cost

Each canoe sells for $500, and each paddle sells for $50. A 20x3 fire destroyed the hotel's accounting records. However, a new system put into place before the 2024 season provides the following aggregated data for the hotel's canoe and paddle manufacturing and marketing activities: Manufacturing Data: Number of Total Canoe Canoes Manufacturing Year Manufactured Costs Number of Total Paddle Paddles Manufacturing Year Manufactured Costs 20x9 250 900 $38,500 $103,000 128,000 20x8 275 20x9 20x8 20x7 1,200 49,000 20x7 240 108,000 1,000 44,000 20X6 114,000 20X6 1,100 45,500 310 350 20X5 141,500 20X5 1,400 52,000 20x4 400 140,000 20X4 1,700 66,500 Marketing Data: Number of Total Canoe Canoes Marketing Year Sold Costs Number of Total Paddle Paddles Marketing Year Sold Costs 20x9 250 $45,000 20x9 900 $7,500 43,000 20x8 1,200 9,000 20x8 20x7 20X6 275 240 44,000 20x7 8,000 51,000 20X6 8,500 1,000 1,100 1,400 1,700 10,000 20x5 20x4 350 400 62,000 60,000 20x5 20x4 11,500 1. High-Low Cost Estimation Method a. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the canoe product line. Variable cost per unit Total fixed cost b. Use the high-low method to estimate the per-unit variable costs and total fixed costs for the paddle product line. Variable cost per unit Total fixed cost