Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 B 2 Question 4. Cost Classification Devet Table B Question 4: Cost Classification & Pivot Tables (9 marks) 3 A company has provided the

image text in transcribed

image text in transcribed

image text in transcribed

1 B 2 Question 4. Cost Classification Devet Table B Question 4: Cost Classification & Pivot Tables (9 marks) 3 A company has provided the following cost information from the most recent year of operations when 100,000 units are made: Units made 100,000 5 Require Part 1: 6 7 B variable vs. Cost Item # fixed 1 variable 2 variable 3 fixed 4 variable fixed 3 Amount 58,253 8,137 56,417 62,252 10,818 BON part la. v b. lur 5 6 fixed 18,791 7 8 variable fixed fixed 48,314 13,103 19,631 9 04 Irixed variable Variable 11 22 18 41,818 71,830 2.142 Part 2: Explain the following How do variable costs behave? (1 mark) 13 (rived fixed 28,976 33,486 21 15 variable 14,003 What is an example of a variable cost for a flower delivery company? Een why it would be a variable cost (1 mark) 22 23 24 16 17 18 variable fixed variable 28,294 75,678 35,247 How do fixed costs behave? (1 mark) 19 20 fixed variable 21,708 56,521 What is an example of a fixed cost for a flower delivery company? Explain variable D 2,147 How do variable costs behave? (1 mark) 19 20 13 14 fixed fixed 28,976 33,486 21 15 variable 14,003 What is an example of a variable cost for a flower delivery company? Explain why it would be a variable cost (1 mark) 16 22 23 24 17 18 variable fixed variable 28,294 75,678 35,247 How do fixed costs behave? (1 mark) 25 19 I 6 fixed variable 20 21,708 56,521 What is an example of a fixed cost for a flower delivery company? Explain why it is a fixed cost (1 mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions