Question: Thompson Companys cost and production data for two recent months included the following. Required a. Separately calculate the rental cost per unit and the utilities

Thompson Company€™s cost and production data for two recent months included the following.

Required
a. Separately calculate the rental cost per unit and the utilities cost per unit for both January and February.
b. Identify which cost is variable and which is fixed. Explain youranswer.

January February Production (units) Rent Utilities 90 S1,500 S 450 $1,500 S1,150

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a March April Units Produced a 90 230 Total rent cost b 1500 1500 Rent cost ... View full answer

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