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7. (6 marks ) The data in the following table are the annual information known about a company ( Write the correct symbol and your
| 7. (6 marks) The data in the following table are the annual information known about a company (Write the correct symbol and your appropriate rounded final answer here and perform the calculation in excel): | ||||||
| a. (2 marks) Calculate the total fixed costs. | ||||||
| b. (2marks) Calculate the total variable costs | ||||||
| c. (2 marks) Calculate the unit variable cost. | ||||||
| Material inputs to manufacturing | $1,75,00,000 | |||||
| Management salaries | $28,50,000 | |||||
| Supplies needed for manufacturing | $84,45,000 | |||||
| Utilities used in non-production activities | $22,22,000 | |||||
| Number of units sold | 75,136 | |||||
| Marketing and advertising | $35,00,000 | |||||
| Production worker wages | $99,90,000 | |||||
| Utilities used in production activities | $62,35,000 | |||||
| Property taxes | $21,00,000 | |||||
| Unit price | $749 | |||||
| You may copy the information from above table. | ||||||
| a. | Total Fixed Costs |
| b. | Total Variable Costs |
| c. | Unit Variable Cost |
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
