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omework, part 4 Exercise 2 - 5 Fixed and Variable Costs [ LO 5 ] Mike's Radiator Services specializes in the repair and replacement of
omework, part
Exercise Fixed and Variable Costs LO
Mike's Radiator Services specializes in the repair and replacement of radiators for passenger vehicles. Variable and fixed costs related to installation activities for the most recent month January are listed below:Required:
Calculate the per unit amounts for each of the variable expense and fixed expense items in January.
tableItemPer UnitVariable expenses:,Direct materials new radiatorsDirect labour hours per installationIndirect materials,Fixed expenses:,Installation supervisor's wages,Equipment depreciation,Insurance and utilities for garage,
Mike expects that radiators will be installed in February and that this level of activity is within the relevant range for all variable and fixed expenses.
a & b Calculate the total expense and per unit amounts for each of the variable and fixed cost items above. Round "per unit" answers to decimal places.
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