Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data pertain to activity and costs for two recent months: October November Activity level in units 4,000 11,800 Variable costs $8,000 ? Fixed
The following data pertain to activity and costs for two recent months:
October November Activity level in units 4,000 11,800 Variable costs $8,000 ? Fixed costs 31,000 ? Mixed costs 14,500 ? Total costs $53,500 $124,000
Assuming that these activity levels are within the relevant range, the mixed costs for November were:
$99,600 | |
$94,400 | |
$69,400 | |
$84,850 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started