Turquoise Company manufactures travel bags. The high output occurred in May, with 1,000 units produced at a total cost of $8,200. The low output was in January, with 600 units produced at a total cost of $3,200. Determine the variable rate by using the high and low points 55:33 b. 55.00 C. 58.20 12.50 Which of the following costs is classified as a period cost under variable costing? a. Variable manufacturing overhead b. The cost of direct materials c. Fixed manufacturing overhead d. The cost of direct labor When the level of output increases within the relevant range, a. fixed cost per unit does not change, but the variable cost per unit decreases b. fixed cost per unit decreases, but the variable cost per unit does not change c. both fixed cost per unit and variable cost per unit do not change d. both fixed cost per unit and variable cost per unit decrease TIVIII #6 OT 12 The purpose of creating a cost formula is to provide: a. a qualitative estimate of only the variable cost per unit of the cost drivers. b. a qualitative estimate of both total fixed costs and the variable cost per unit of the cost drivers. c. a quantitative estimate of both total fixed costs and the variable cost per unit of the cost drivers. d. a quantitative estimate of only the total fixed costs of the cost drivers