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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 500 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 400 Muffler Replacements 500 $ $ 40,500 28,500 73.000 600

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 500 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 400 Muffler Replacements 500 $ $ 40,500 28,500 73.000 600

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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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 500 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 400 Muffler Replacements 500 5 $ 46,500 26,500 73.000 600
Transcribed Image Text: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 500 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 400 Muffler Replacements 500 5 $ 46,500 26,500 73.000 600
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