Question: Based on the following cost data, items labeled (a) and (b) in the table below are which of the following amounts, respectively? Number of units:

Based on the following cost data, items labeled (a) and (b) in the table below are which of the following amounts, respectively?

Number of units: 2,000 4,000

Total cost: Variable $ 10,000 $ 20,000

Fixed $ 6,000 $ 6,000

Cost per unit:

Variable $ 5.0 (a )

Fixed $ 3.0 (b )

Group of answer choices

(a) = $5.00; (b) = $1.50

(a) = $4.00; (b) = $3.00

(a) = $5.00; (b) = $3.00

(a) = $2.50; (b) = $1.5

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