APPLY THE CONCEPTS: Determine the total fixed cost Costs that are not tied to changes in production level across the relevant range are known as "fixed costs." These costs are indirectly assigned to units of production, and many factory overhead costs fall into this category. The business must ensure that all costs are assigned to the product. By assigning fixed costs, business costs are not directly tied to any one unit of production. This is important because it affects both pricing and profits. A machine on the production line at an auto company requires a periodic retooling that costs $150,000 annually. Calculate the total fixed cost per unit at different levels along the relevant range of 100,000 to 400,000 units. If required, round the per unit amounts to two decimal places. I tried using $150,000 in each place but that didn't work Number of Units Produced Fixed Cost p
APPLY THE CONCEPTS: Determine the total fixed cost
Costs that are not tied to changes in production level across the relevant range are known as "fixed costs." These costs are indirectly assigned to units of production, and many
A machine on the production line at an auto company requires a periodic retooling that costs $150,000 annually. Calculate the total fixed cost per unit at different levels along the relevant range of 100,000 to 400,000 units. If required, round the per unit amounts to two decimal places.
I tried using $150,000 in each place but that didn't work
| Number of Units Produced | Fixed Cost per unit |
| 100,000 | $________ |
| 200,000 | $________ |
| 300,000 | $________ |
| 400,000 | $________ |
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