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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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At the various activity levels shown, Harper Company incurred the following costs. Units sold 20 40 60 80 100 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of merchandise sold 36.00 7.20 $ 80.00 18.00 12.00 9.00 100.00 120.00 140.00 160.00 1.00 1.00 1.00 1.00 1.00 480.00 480.00 480.00 480.00 480.00 1,200.00 1,800.00 1,600.00 3,600.00 2,000.00 5,400.00 2,400.00 7,200.00 2,800.00 9,000.00 240.00 120.00 80.00 60.00 48.00 3,200.00 10.00 90.00 3,200.00 3,200.00 3,200.00 3,200.00 2.00 4.00 6.00 8.00 90.00 90.00 90.00 90.00 Required Identify each of these costs as fixed, variable, or mixed. a. b. C. е. f. g. h. i. j.
Transcribed Image Text:At the various activity levels shown, Harper Company incurred the following costs. Units sold 20 40 60 80 100 a. Rental cost per unit of merchandise sold b. Total phone expense c. Cost per unit of supplies d. Total insurance cost e. Total salary cost f. Total cost of goods sold g. Depreciation cost per unit h. Total rent cost i. Total cost of shopping bags j. Cost per unit of merchandise sold 36.00 7.20 $ 80.00 18.00 12.00 9.00 100.00 120.00 140.00 160.00 1.00 1.00 1.00 1.00 1.00 480.00 480.00 480.00 480.00 480.00 1,200.00 1,800.00 1,600.00 3,600.00 2,000.00 5,400.00 2,400.00 7,200.00 2,800.00 9,000.00 240.00 120.00 80.00 60.00 48.00 3,200.00 10.00 90.00 3,200.00 3,200.00 3,200.00 3,200.00 2.00 4.00 6.00 8.00 90.00 90.00 90.00 90.00 Required Identify each of these costs as fixed, variable, or mixed. a. b. C. е. f. g. h. i. j.
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