Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with...

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Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor Indirect materials and supplies Power to run plant equipment Fixed costs: Supervisory salaries Plant utilities (other than for plant equipment) Depreciation on plant and equipment Property taxes on building Required: ($000) $ 6,120.0 4,060.0 1,420.0 1,300.0 $ 560.0 851.7 1,335.0 568.3 Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year. Note: Enter your total cost answers in thousands. Total variable costs Total fixed costs Total costs Unit costs Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor Indirect materials and supplies Power to run plant equipment Fixed costs: Supervisory salaries Plant utilities (other than for plant equipment) Depreciation on plant and equipment Property taxes on building Required: ($000) $ 6,120.0 4,060.0 1,420.0 1,300.0 $ 560.0 851.7 1,335.0 568.3 Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year. Note: Enter your total cost answers in thousands. Total variable costs Total fixed costs Total costs Unit costs

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Answer Unit Variable Cost Since the variable costs per unit are expected to remain unchanged we can ... View the full answer