Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900
The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900 for 900 inspections Read the requirements Requirement 1. Calculate the variable cost per inspection Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.) Change in total cost 400 Change in volume of activity 400 Variable cost per inspection = 1.00 Requirement 2. Calculate the total fixed costs Select the formula and enter the amounts to calculate the total fixed costs. (Use the highest volume and its mixed cost to calculate the total fixed cost.) Total mixed cost Total variable cost Total fixed cost 4,300 1,300 3,000 Requirement 3. Write the equation and calculate the operating costs for 1,000 inspections Select the formula and enter the amounts to calculate the operating costs for 1,000 inspections. (Enter all amounts to the nearest cent.) ( Variable cost per inspection xNumber of inspections+ Total fixed cost - Total mixed cost 1.00 1,000 3,000 4,000
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