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At Long Co., electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours: Machine hours Cost 50,000 60,000 $98,000 $112,000 What is the a) estimated variable cost per machine hour and what is the b) estimated total fixed cost?

At Long Co., electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours: Machine hours Cost 50,000 60,000 $98,000 $112,000 What is the a) estimated variable cost per machine hour and what is the b) estimated total fixed cost?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
Problem 7P
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At Long Co., electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours: Machine hours Cost 50,000 60,000 $98,000 $112,000 What is the a) estimated variable cost per machine hour and what is the b) estimated total fixed cost?
Transcribed Image Text:At Long Co., electricity cost starts with a minimum fixed cost, and after that, there is a perfectly variable expense. Using estimated machine hours: Machine hours Cost 50,000 60,000 $98,000 $112,000 What is the a) estimated variable cost per machine hour and what is the b) estimated total fixed cost?
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