Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 22 The contribution margin ratio is 70%. If total fixed costs are $23,000, then what is the total cost ($) of producing and selling

image text in transcribed
image text in transcribed
Question 22 The contribution margin ratio is 70%. If total fixed costs are $23,000, then what is the total cost ($) of producing and selling 66,550 units? The selling price is $3 per unit. Note answered Mad out of 5.00 V 116.755 139.755 59.89S d. 176,650 None of the given answers Question Question 24 Not yet andwered Marked out of 500 Pag question The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020, Month Machine hours Electricity cost September 1.800 $ 10,900 October 1.200 $ 6,200 November 4,800 $ 16,200 December 3.600 $13.800 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately O a None of the given answers Ob. $0.36 Oc. $3.38 d. 51.76 O $278

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_2

Step: 3

blur-text-image_3

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

Auditing Principles

Authors: Nformi Eugene Tawe

1st Edition

3330651032, 978-3330651036

More Books

Students also viewed these Accounting questions