Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the costs to produce 30,000 units, calculate the amounts for 1. - 4. below Number of units 30,000 60,000 120,000 Total Variable Costs $150,000

Given the costs to produce 30,000 units, calculate the amounts for 1. - 4. below

Number of units

30,000

60,000

120,000

Total Variable Costs

$150,000

Total Fixed Costs

$150,000

1.

2.

Total Costs

$300,000

Fixed Cost per unit

3.

4.

1. Total Fixed Cost (at 60,000 units)

A. B. C. D. E. F. G. H.

2. Total Fixed Costs (at 120,000 units)

A. B. C. D. E. F. G. H.

3. Fixed Cost per unit (at 60,000 units)

A. B. C. D. E. F. G. H.

4. Fixed Cost per unit (at 120,000 units)

A. B. C. D. E. F. G. H.

A.

$600,000

B.

$300,000

C.

$150,000

D.

None of these are correct.

E.

$2.50

F.

$150,000

G.

$5

H.

$1.25

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

Practical Auditing

Authors: Ernest Evan Spicer, Ernest Charles Pegler

17th Edition

0406678014, 9780406678010

More Books

Students also viewed these Accounting questions