The following costs are for Optical View Inc., a contact lens manufacturer: Output in Units Fixed Costs

Question:

The following costs are for Optical View Inc., a contact lens manufacturer:

Output in UnitsFixed CostsVariable CostsTotal Costs
250$4,750$7,500$12,250
300$4,750$9,000$13,750
350$4,750$10,500$15,250
400$4,750$12,000$16,750


Required
1. Graph total cost, total variable cost, and total fixed cost.
2. Graph the per-unit total cost, per-unit variable cost, and per-unit fixed cost.
3. Discuss the behavior of the fixed, variable, and totalcost.

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Related Book For  book-img-for-question

Cost management a strategic approach

ISBN: 978-0073526942

5th edition

Authors: Edward J. Blocher, David E. Stout, Gary Cokins

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