Exercise 2-5A (Algo) Fixed versus variable cost behavior LO 2-1 Thornton Company's cost and production data for two recent months included the following: March April Production (units) 500 $1,600 $1,600 Utilities $ 600 $ 840 700 Rent Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. ces Complete this question by entering your answers in the tabs below. Required a Required B Identify which cost is variable and which is fixed. Rent cost Utility cost Exercise 2-5A (Algo) Fixed versus variable cost behavior LO 2-1 Thornton Company's cost and production data for two recent months included the following: April Production (units) 500 700 Rent $1,600 $1,600 Utilities $ 600 $ 840 March ok nt Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. > ances Complete this question by entering your answers in the tabs below. Required A Required B Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) Rent cost per unit Utility cost per unit March $ 3.20 $ $ 1.20 $ April 2.20 0.53 Required B