Corio Corporation reports that at an activity level of 2,900 units, its total variable cost...
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Accounting
Corio Corporation reports that at an activity level of 2,900 units, its total variable cost is $139,722 and its total fixed cost is $69,690.
Required:
For the activity level of 3,000 units, compute: (a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range. (Round your "Average cost" to 2 decimal places and other answers to the nearest dollar amount.)
(a)
Total variable cost
$
(b)
Total fixed cost
$
(c)
Total cost
$
(d)
Average variable cost
$
per unit
(e)
Average fixed cost
$
per unit
(f)
Average total cost
$
per unit
Answer & Explanation
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