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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
- 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 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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