Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data pertains to activity and costs for two months: January February Activity Level in Units 10,000 20,000 Variable Cost $20,000 $ ? Fixed
The following data pertains to activity and costs for two months:
|
| January | February |
| Activity Level in Units | 10,000 | 20,000 |
| Variable Cost | $20,000 | $ ? |
| Fixed Cost | $25,000 | $ ? |
| Mixed Cost | $10,000 | $ ? |
| Total Cost | $55,000 | $77,000 |
Assuming that these activity levels are within the relevant range, the mixed cost for February was:
Group of answer choices
$12,000
$40,000
$15,000
$10,000
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