Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

M14-13. Classifying Cost Behavior For each of the following situations, select the most appropriate cost behavior pattern (as shown in the illustrations following this problem)

M14-13. Classifying Cost Behavior For each of the following situations, select the most appropriate cost behavior pattern (as shown in the illustrations following this problem) where the lines represent the cost behavior pattern, the vertical axis represents costs, the horizontal axis represents total volume, and the dots represent actual costs. Each pattern may be used more than once.

a. Variable costs per unit

b. Total fixed costs

c. Total mixed costs

d. Average fixed costs per unit

e. Total current manufacturing costs

f. Average variable costs

g. Total costs when employees are paid $15 per hour for the first 40 hours worked each week and$20 for each additional hour.

h. Total costs when employees are paid $15 per hour and guaranteed a minimum weekly wage of $300.

I. Total costs per day when a consultant is paid $200 per hour with a maximum daily fee of $1,000.

j. Total variable costs

k. Total costs for salaries of social workers where each social worker can handle a maximum of 25 cases

L. A water bill where a flat fee of $800 is charged for the first 100,000 gallons and additional water costs $0.005 per gallon

m. Total variable costs properly used to estimate step costs n. Total materials costs o. Rent on exhibit space at a convention

image text in transcribed

(4 Some other relationship (10) (12)

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

Capital Market Finance

Authors: Patrice Poncet, Roland Portait, Igor Toder

1st Edition

ISBN: 3030845982, 978-3030845988

More Books

Students also viewed these Finance questions

Question

Define the purpose of an income-tax deduction.

Answered: 1 week ago