# Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill production: Units Produced Total Costs 20..........$16,000 30.........22,000 40............20,000 50.........28,000 1. Use the scattergraph method to estimate the fixed and variable elements of Wyomings total costs. 2. Compute the total cost of making 64 windmills, assuming that total fixed costs are $10,000 and that

Chapter 21, Practice Exercises #25

Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill production:

Units Produced Total Costs

20..........$16,000

30.........22,000

40............20,000

50.........28,000

1. Use the scattergraph method to estimate the fixed and variable elements of Wyoming’s total costs.

2. Compute the total cost of making 64 windmills, assuming that total fixed costs are $10,000 and that the variable cost rate computed in part (1) does not change.

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