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EX 2-30 (Algo) Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Incorporated, operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 600 mufflers were replaced. Note: Round "cost per muffler" to 2 decimal places. Required: Fill in the missing amounts. Total costs: Fixed costs Variable costs Total costs Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Muffler Replacements 500 600 700 +· $ 50,400 26,400 $ 76,800

EX 2-30 (Algo) Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Incorporated, operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 600 mufflers were replaced. Note: Round "cost per muffler" to 2 decimal places. Required: Fill in the missing amounts. Total costs: Fixed costs Variable costs Total costs Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Muffler Replacements 500 600 700 +· $ 50,400 26,400 $ 76,800

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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EX 2-30 (Algo) Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Incorporated, operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 600 mufflers were replaced. Note: Round "cost per muffler" to 2 decimal places. Required: Fill in the missing amounts. Total costs: Fixed costs Variable costs Total costs Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Muffler Replacements 500 600 700 +· $ 50,400 26,400 $ 76,800
Transcribed Image Text:EX 2-30 (Algo) Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Incorporated, operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 600 mufflers were replaced. Note: Round "cost per muffler" to 2 decimal places. Required: Fill in the missing amounts. Total costs: Fixed costs Variable costs Total costs Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Muffler Replacements 500 600 700 +· $ 50,400 26,400 $ 76,800
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