Phaup Corporation's relevant range of activity is 3,000 units to 7,000 units.When it produces and sells 5,000 units, its average costs per unit are as follows: 
For financial reporting purposes, the total amount of period costs incurred to sell 5,000 units is closest to:
Definitions:
Absolute Value
The non-negative value of a number without regard to its sign; essentially, it is the distance of a number from zero on the number line.
Slope
The measure of the steepness or incline of a line, representing the rate at which variables change relative to each other, often used in contexts like graphing economic functions.
Budget Line
A graphical representation showing the combination of two goods that can be purchased with a fixed amount of income, given their prices.
Budget Line
An illustration showing all the different ways two products can be acquired using a certain amount of money, assuming the prices do not change.
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