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Haglers Toupees has the following machine hours and production costs for the last six months of last year: Month July August

Multiple Choice $11,810.00 $13,165.83 $11,780.00 $12,515.00

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Answer #1

Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

=(12800-10180)/(16100-12100)

=$0.655 per machine hour

Total fixed cost=12800-(0.655*16100)

=2254.5

Hence total cost would be=Total variable cost+Total fixed cost

=(0.655*14600)+2254.5

=$11817.5

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