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Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during
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 700 mufflers were replaced. Muffler replacements Total costs: Fixed costs Variable costs Total costs Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Required: 600 700 100 a P56,000 e 28,000 P84,000 g h 1 k m a. Fill in the missing amounts, labeled (a) through (o), in the table. 800 b 47 b. Compute income, assuming that the service fee per muffler replacement is P120, and that the company made 730 muffler replacements during the period.
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