Total variable costs increase in direct proportion to increases in volume. Shorntell International produces designer watches, Each watch requires materials worth $14.50 and three direct labor hours. The company pays its production supervisor a salary of $500 per week. Hourly wage rate at Shorntell is $5. If 25 watches are produced in a week, what is the fixed cost per watch? (2 Points) [4, $34.50 $20.00 $14,50 $5.00