a. Draw a chart that shows the total variable costs for ice cream at various levels of activity. b. Draw a chart that shows the variable costs for each ice cream at various levels of activity.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using the following data of Baskins & Robbins shop answer the following questions:
No. of ice cream Variable Cost Total Variable Total Fixed
per ice cream cost
Fixed cost per
ice cream
produced
Costs
O ice cream
OMR 1.2
OMR 0
OMR 1200
25 ice cream
1.2
30
1200
OMR 48
50 ice cream
1.2
60
1200
24
75 ice cream
1.2
90
1200
16
100 ice cream
1.2
120
1200
12
Transcribed Image Text:Using the following data of Baskins & Robbins shop answer the following questions: No. of ice cream Variable Cost Total Variable Total Fixed per ice cream cost Fixed cost per ice cream produced Costs O ice cream OMR 1.2 OMR 0 OMR 1200 25 ice cream 1.2 30 1200 OMR 48 50 ice cream 1.2 60 1200 24 75 ice cream 1.2 90 1200 16 100 ice cream 1.2 120 1200 12
a. Draw a chart that shows the total variable costs for ice cream at various levels of activity.
b. Draw a chart that shows the variable costs for each ice cream at various levels of activity.
Transcribed Image Text:a. Draw a chart that shows the total variable costs for ice cream at various levels of activity. b. Draw a chart that shows the variable costs for each ice cream at various levels of activity.
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