Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

WMTB is an independent television station run by a major state university. The stations broadcast hours vary during the year depending on whether the university

WMTB is an independent television station run by a major state university. The stations broadcast hours vary during the year depending on whether the university is in session. The stations production crew and supervisory costs are as follows for August and October.

Cost Item Cost Behavior Cost Amount Broadcast Hours during Month
Production Crew Variable
August $ 4,788 380
October 8,064 640
Supervisory employees Fixed
August 4,200 380
October 4,200 640

Required:

1. Compute the cost per broadcast hour during August and October for each of these cost items. (Round your answers to 2 decimal places.)

Cost Item Cost Per Broadcast Hour August Cost Per Broadcast Hour October

Production Crew $_______________ per hour $______________________ per hour

Supervisory Employees $_______________ per hour $______________________ per hour

2. What will be the total amount incurred for each of these costs during December, when the stations activity will be 410 broadcast hours?

Total Cost for Production Crew $______________________

Total Cost for Supervisory Employees $________________

3. What will be the cost per broadcast hour in December for each of the cost items? (Round your answers to 2 decimal places.)

Cost Item Cost Per Broadcast Hour in December

Production Crew $_______________________ per hour

Supervisory Employees $______________________ per hour

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Auditing Corporate Culture A Maturity Model Approach

Authors: Angelina K. Y. Chin, CIA, CRMA, CPA

1st Edition

1634540719, 978-1634540711

More Books

Students also viewed these Accounting questions

Question

I receive useful feedback about my performance.

Answered: 1 week ago

Question

I am encouraged to offer opinions/suggestions.

Answered: 1 week ago