Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz do in format thanks The following chart shows three different costs: Cost A, Cost B, and Cost C. For each cost, the chart shows

plz do in format thanks
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following chart shows three different costs: Cost A, Cost B, and Cost C. For each cost, the chart shows the total cost and cost per unit at two different volumes within the same relevant range. Based on this information, identify each cost as fixed, variable, or mixed. Explain your answers. View the chart. \begin{tabular}{|lrrrrrr|} \hline & \multicolumn{2}{c}{ At 1,000 units } & \multicolumn{3}{c|}{ At 4,000 units } \\ \cline { 2 - 7 } & \multicolumn{2}{c|}{ Total Cost } & Cost per Unit & Total Cost & \multicolumn{2}{c|}{ Cost per Unit } \\ \cline { 2 - 7 } Cost A & $ & 75,000$ & 75.00$ & 75,000$ & 18.75 \\ Cost B & $ & 6,000$ & 6.00$ & 24,000$ & 6.00 \\ Cost C & $ & 32,000$ & 32.00$ & 68,000$ & 17.00 \\ \hline \end{tabular} mixed cost variable cost Cost A is a fixed cost . Total costs increases. Cost B is a Total costs increases. er unit costs Cost C is a Total costs increases. . (iin) and the per unit costs as decrease increase per unit costs stay the same is a Total costs es. is a ses. is a is a ses

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

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

1st Edition

0471169196, 978-0471169192

More Books

Students also viewed these Accounting questions

Question

=+c) Teachers ranking on their academic class of publications.

Answered: 1 week ago

Question

Define self-esteem and discuss its impact on your life.

Answered: 1 week ago

Question

Discuss how selfesteem is developed.

Answered: 1 week ago