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Carr Company provides human resource consulting services to small and medium-sized companies. Last year, Carr provided services to 600 clients. Tot fixed costs were $224,000 with total variable costs of $72,600. Based on this information, complete the following chart: 400 clients 700 clients 800 clients Total costs Fixed costs Variable costs Total costs Cost per client Fixed cost Variable cost Total cost per client $

Carr Company provides human resource consulting services to small and medium-sized companies. Last year, Carr provided services to 600 clients. Tot fixed costs were $224,000 with total variable costs of $72,600. Based on this information, complete the following chart: 400 clients 700 clients 800 clients Total costs Fixed costs Variable costs Total costs Cost per client Fixed cost Variable cost Total cost per client $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Carr Company provides human resource consulting services to small and medium-sized companies. Last year, Carr provided services to 600 clients. Total fixed costs were $224,000 with total variable costs of $72,600. Based on this information, complete the following chart: 400 clients 700 clients 800 clients Total costs Fixed costs Variable costs Total costs Cost per client Fixed cost Variable cost Total cost per client $
Transcribed Image Text:Carr Company provides human resource consulting services to small and medium-sized companies. Last year, Carr provided services to 600 clients. Total fixed costs were $224,000 with total variable costs of $72,600. Based on this information, complete the following chart: 400 clients 700 clients 800 clients Total costs Fixed costs Variable costs Total costs Cost per client Fixed cost Variable cost Total cost per client $
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Variable cost per unit remains same and does not vary with production, however total variable cost will vary with production. Fixed cost does not vary with production in total and remains same. Per unit fixed cost however will increase with decrease in production and decrease with increase in production.

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