Chrystal Company incurred the following costs for the months of January and February: Type of Cost January February. Insurance $ 7,000 $ 7,000 Utilities 2,600 3,800 Depreciation 2,000 2,000 Materials 5,000 8,000 Assume that output was 1,000 units in January and 3,000 units in February, utility cost is a mixed cost, an the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?

Chrystal Company incurred the following costs for the months of January and February: Type of Cost January February. Insurance $ 7,000 $ 7,000 Utilities 2,600 3,800 Depreciation 2,000 2,000 Materials 5,000 8,000 Assume that output was 1,000 units in January and 3,000 units in February, utility cost is a mixed cost, an the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?

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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