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Phenning Company had the following costs for the past three years in which it produced 40,000, 48,000, and 60,000 units, respectively. Year 1 (40,000 units)
- Phenning Company had the following costs for the past three years in which it produced 40,000, 48,000, and 60,000 units, respectively.
| Year 1 (40,000 units) | Year 2 (48,000 units) | Year 3 (60,000 units) | |
| Direct Materials | $80,000 | $96,000 | $120,000 |
| Utilities Expense | 44,000 | 98,000 | 104,000 |
| Property Taxes | 12,000 | 12,000 | 12,000 |
| Travel Expense | 6,000 | 6,000 | 6,000 |
| Direct Labor | 60,000 | 72,000 | 90,000 |
| Maint. Expense | 22,000 | 26,000 | 32,000 |
Identify each of the costs above as being variable, fixed, and mixed.
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Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey
13th Edition
1119577772, 9781119577775
