question archive Show your calculations and label your work for all questions

Show your calculations and label your work for all questions

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Show your calculations and label your work for all questions. Explanations are not required for journal entries. Question 1 (9 points) The Moving Company's total monthly shipping costs fluctuate with the volume of units shipped. Data from the last six months is as follows: Total Number Shipping Month of Units Cost January February March April May June 16,200 16,000 18,900 17,200 20,000 19,600 $21,900 22,800 26,100 24,500 27,600 27,000 Required: 1. Determine the variable cost per unit and the total monthly fixed cost using the high-low method. (5 marks) 2. Show the cost formula for the shipping cost. (2 marks) 3. Describe the behaviour of a fixed cost. Provide one example of a fixed cost. (2 marks) orm

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