Question - The divisional accountant at Hotsounds has estimate the following cost data for the division's MP4 players. (There are no fixed costs)
|
Quantity produced and sold per month
|
Average cost per unit
|
|
20
|
450
|
|
40
|
425
|
|
60
|
410
|
|
80
|
430
|
|
100
|
445
|
Required:
1. Prepare a table of data, using the following column headings quantity produced and sold per month, average cost per unit, total cost per month, changes in total cost.
2. Draw a graph that shows the total cost curve.