Finch Company's cost and production data for two recent months included the following: April 1,000 $1,200 $714 Production (units) Rent Utilities March 700 $1,200 $ 500 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) Rent cost per unit Utility cost per unit March April < Required A Required B >
Finch Company's cost and production data for two recent months included the following: April 1,000 $1,200 $714 Production (units) Rent Utilities March 700 $1,200 $ 500 Required a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. b. Identify which cost is variable and which is fixed. Complete this question by entering your answers in the tabs below. Required A Required B. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2 decimal places.) Rent cost per unit Utility cost per unit March April < Required A Required B >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Complete this question by entering your answers in the tabs
Required A Required B
Identify which cost is variable and which is fixed.
Rent cost
Utility cost
< Required A
Transcribed Image Text:Finch Company's cost and production data for two recent months included the following:
April
1,000
$1,200
$714
Production (units)
Rent
Utilities
March
700
$1,200
$ 500
Required
a. Separately calculate the rental cost per unit and the utilities cost per unit for both March and April.
b. Identify which cost is variable and which is fixed.
Complete this question by entering your answers in the tabs below.
Required A Required B
Separately calculate the rental cost per unit and the utilities cost per unit for both March and April. (Round your answers to 2
decimal places.)
Rent cost per unit
Utility cost per unit
March
April
< Required A
Required B >
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