Ed makes work desk stations for businesses. His desks sell for $650 each. His total fixed costs are $2,000 and his total variable costs are $250 each for the first 1,000 units he produces, $420 each for the next 1,000 units, $620 each for the next 1,000 units, and $810 units over 3,000. 1. If Ed sells 5,000 desks, what are his total costs? $
2. What is Ed's total revenue? $
3. What is Ed's profit/loss? $

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above