The variable cost was 5.40 fixed cost was 1500 After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist whowas retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist.Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dentalinstruments has changed. She has gathered the following information from her records:MonthNumber of instruments usedTotal autoclave cost850$6,115January7505,550February9206,551March9506,980April7,7101,150May6,498900June7,6451,050July6,921975August What is the cost formula that Dr. Brown should use for estimating autoclave sterilization costs for next year's budget?Formula of total cost($5.40 ÷ # of instruments) + $1,500.00($5.40 x # of instruments) - $1,500.00($5.40 x # of instruments) + $1,500.00($1,500.00 ÷ # of instruments) + $5.40($1,500.00 x # of instruments) + $5.40($5.40 + # of instruments) - $1,500.00eTextbook and MediaSave for Later($1,500.00 x # of instruments) - $5.40($1,500.00 # of instruments) - $5.40Attempts: 0 of 2 usedSubmit Answer

Variable cost per instrument = (High level activity cost - Low level activity cost)/(High level…

After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $6,115 February 750 5,550 March 920 6,551 April 950 6,980 1,150 7,710 May 900 6,498 June 1,050 7,645 July 975 6,921 August

After graduating from dental school two years ago, Dr. Elizabeth Brown purchased the dental practice of a long-time dentist who was retiring. In January of this year, she had to replace the outdated autoclave equipment she inherited from the previous dentist. Now, as she is preparing her budget for next year, she is concerned about understanding how her cost for sterilizing her dental instruments has changed. She has gathered the following information from her records: Month Number of instruments used Total autoclave cost January 850 $6,115 February 750 5,550 March 920 6,551 April 950 6,980 1,150 7,710 May 900 6,498 June 1,050 7,645 July 975 6,921 August

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Total Labour Cost is 315000 OMR. Total labour Fixed cost is 50000 OMR. Calculate Total labour Variable cost Select one: a. 165000 OMR b. 50000 OMR c. 265000 OMR d. 105000 OMR
Calculate the total cost per unit when the total cost is given as 80000 OMR and unit sold are 8000 units
EasyLang Company provided the following information below Variable production costs P400,000 Fixed production costs 270,000 Variable period costs 120,000 Fixed period costs 190,000 How much is the period costs under direct costing?
Which of the following is a mixed cost? A cost that is P40 per unit when production is 50,000 and P40 per unit when production is 80,000 A cost that is P20 per unit when production is 50,000 and P20 per unit when production is 80,000 A cost that is P20 per unit when production is 50,000 and P12.50 per unit when production is 80,000 A cost that is P20 per unit when production is 50,000 and P16.25 per unit when production is 80,000
If the total cost function is y = 6,300 + 2X, calculate the variable cost for 4,400 units. A. $8,800 B. $6,300 C. $12,600 O D. $15,100 O O
Total Variable cost is 420,000 OMR total units sold is 7000 units, total fixed cost is 80000 OMR,describe the production costs in the equation form Y = f + vX. a. Y = 80000 + 150X b. Y = 80000 + 100X c. Y = 80000 + 60X d. Y = 80000 + 40X
Total Fixed cost is 60000 OMR Total Variable cost is 100000 OMR Calculate TotalCost Select one: of O a. 125000 OMR O b. 160000 OMR stion Ос. 165000 OMR O d. 150000 OMR
Given the following information determine the FIXED COST at high volume using the high-low method: Sales = 48,000 , Supplies Costs = 4,750 ; Sales = 41,200 , Supplies Costs = 3,100 ; Sales = 43,000 , Supplies Costs = 4,210; Sales = 24,000 , Supplies Costs = 2,640. NOTE: USE up to 8 (eight) decimal places of the variable component in your computation.
If the marginal cost is 25$/unit and fixed cost is 500 then the average cost for the 20 units is. Select one: O a. 50 O b. 45 O c. 40
what is the NET COST EQUIVALENT AND NET COST of P12,300 less 8/12/15. Round to the nearest centavo.