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Which costing method is most likely to be used by a company involved in clothing production? Fixed overhead is treated as a period cost under

  1. Which costing method is most likely to be used by a company involved in clothing production?

  1. Fixed overhead is treated as a period cost under which costing methods?

Use the data below to answer questions 10 - 11

Chigzy Limited has the following information available about fleet miles and operating costs:

Year

Miles

Operating Costs

2017

15,000

160,000

2018

16,000

155,000

2019

20,000

180,000

From the above data:

10. What is the total variable cost and total fixed cost element of the operating costs in 2019?

11. If the budget for 2020 predicts a total mileage of 22,000 miles, what will be the predicted total mixed operating cost for the year?

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