M Company's highest point of the total cost was $80,000 in June. Their point lowest cost was $65,000 in January. The company makes a single product. Production volumes in June and January were 16,000 and 8,000 units, respectively. What is the fixed cost per month?
M Company's highest point of the total cost was $80,000 in June. Their point lowest cost was $65,000 in January. The company makes a single product. Production volumes in June and January were 16,000 and 8,000 units, respectively. What is the fixed cost per month?
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...
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
Transcribed Image Text:M Company's highest point of the total cost
was $80,000 in June. Their point lowest cost
was $65,000 in January. The company makes
a single product. Production volumes in June
and January were 16,000 and 8,000 units,
respectively.
What is the fixed cost per month?
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