A company's relevant range of activity is 4,000 units to 8,000 units. When it produces and sells 6,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.85 Direct labor $ 3.40 Variable manufacturing overhead $ 1.90 Fixed manufacturing overhead $ 3.20 Fixed selling expense $ 1.20 Fixed administrative expense $ 1.10 Sales commissions $ 1.70 Variable administrative expense $ 1.20 The incremental manufacturing cost that the company will incur if it increases production from 7,000 to 7,001 units is closest to:

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.