102 the following data pertain to costs at summit company total fixed costs 300 000 4310392

102) The following data pertain to costs at Summit Company:

Total fixed costs	$300,000
Total variable costs	$ 75,000
Production level	20,000 units

The variable cost per unit is

A) $ 3.75.

B) $15.00.

C) $18.75.

D) $11.25.

103) The following data pertain to costs at Summit Company:

Total fixed costs	$300,000
Total variable costs	$ 75,000
Production level	20,000 units

The fixed cost per unit is

A) $3.75.

B) $15.00.

C) $18.75.

D) $11.25.

104) At Dwight Incorporated, total fixed and variable costs are $400,000 at a production level of 100,000 units. The company has total fixed costs of $225,000. The fixed cost per unit at a production level of 150,000 units is

A) $4.00.

B) $2.25.

C) $2.67.

D) $1.50.

105) At Dwight Incorporated, total fixed and variable costs are $400,000 at a production level of 100,000 units. The company has total fixed costs of $225,000. The variable cost per unit at 150,000 units is

A) $1.75.

B) $2.25.

C) $4.00.

D) $1.17.

106) Answer the following questions:

a.What is a cost equation?

b.If a company has fixed costs of $1,000 and variable costs of $4 per unit, what is their cost equation?

c.What would a company use a cost equation for?