The management has estimated $10.90 variable cost. $14.60 fixed cost to make 100 units using 500 machine hours
i} The management has estimated $10.90 variable cost. $14.60 fixed cost to make 100 units using 500 machine hours. Since machine hours drives the variable cost. Compute the total cost.ii}Compute the total cost of 550 units for an hour.iii}Suppose production of one unit consumes 550 hours. What would be the total cost of producing 100 units.