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Exercise 2-30 Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing
Exercise 2-30 Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8)
Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 900 mufflers were replaced. (Round "cost per muffler" to 2 decimal places.)
Number of Muffler Replacements 800 900 1000 Total costs: Fixed costs $ 82,800 Variable costs 46,800 Total costs $ 129,600 Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacementStep by Step Solution
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