Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bridgeport Company has prepared a graph of flexible budget data. At zero direct labor hours, the total budgeted cost line intersects the vertical axis at

Bridgeport Company has prepared a graph of flexible budget data. At zero direct labor hours, the total budgeted cost line intersects the vertical axis at $19,780. At 8,600 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $73,100. How may the fixed and variable costs be expressed? (Round variable cost per direct labor hour to 2 decimal places, eg.1.25.)
Total budgeted costs are $ fixed plus $ per direct labor hour.
image text in transcribed

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

New Approach To Financial Accounting No Need Of Cramming Formats

Authors: Samuel A. Olowoniyi ACA

1st Edition

148253150X, 978-1482531503

More Books

Students also viewed these Accounting questions