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1- giving the following data: Fixed Labor Quantity Cost Variable Cost 1 16 2160 280 2 40 2160 2160 3 60 2160 2240 4

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1- giving the following data: Fixed Labor Quantity Cost Variable Cost 1 16 2160 280 2 40 2160 2160 3 60 2160 2240 4 72 2160 2320 5 80 2160 2400 6 84 2160 2480 COMPLETE THE TABLE COLUMNS AFTER CALCULATING THE FOLLOWING 1-Total costs. 2-Average total costs 3comment on your results? 4-What do we mean by fixed costs and variable costs? (25 marks) 2-Giving the following data, draw the balance sheet :$80000 lands- :$140000 equipment :S180 0,000 buildings :$140,000account receivable :$ 90,000 account payable :$10,000 retained earnings :$140,000 long - 3 term debts :$70,000 intangible assets :$5,000 prepaid expenses :$10 ,000 annual depreciation A- Define the balance sheet and its importance? B-Draw the balance sheet in (T form) (25 marks) 3/6

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