Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anthony Chemicals, Inc. has fixed costs of $38,000 per month. The highest production volume during the year was in January when 110,000 units were produced,

image text in transcribed

Anthony Chemicals, Inc. has fixed costs of $38,000 per month. The highest production volume during the year was in January when 110,000 units were produced, 70,000 units were sold, and total costs of $610,000 were incurred. In June, the company produced only 55,000 units. What was the total cost incurred in June? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O A. $286,000 O B. $324,000 O C. $648,000 OD. $610,000

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

Cost Accounting Fundamentals Essential Concepts And Examples

Authors: Steven M. Bragg

6th Edition

1642210234, 9781642210231

More Books

Students also viewed these Accounting questions

Question

Describe the roots of positive psychology.

Answered: 1 week ago

Question

In your opinion, how will HR change in the future? Why?

Answered: 1 week ago