Rundle Woodcraft Company manufactures "antique" wooden cabinets to house modern televisions. The Company began operations...
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Rundle 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: Required a To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line. Enter the number of units and their costs in increasing order. b Using the highlow method, compute the total cost equation for the preceding data. Compute the variable cost per unit. Compute total fixed costs. Calculate the total cost assuming cabinets are made. 
Rundle 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:
Required
a To understand the department's cost behavior, you decide to plot the points on graph paper and sketch a total cost line.
Enter the number of units and their costs in increasing order.
b Using the highlow method, compute the total cost equation for the preceding data.
Compute the variable cost per unit.
Compute total fixed costs.
Calculate the total cost assuming cabinets are made.
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