Question 2: Determine which costs are variable/fixed/mixed and calculating total costs when output changes. MRT Inc manufactures a single product. It has incurred the following production costs related to manufacturing 3,000 units. The controller is concerned with the utilities and maintenance costs as it is the first year these costs have been incurred. Per the incomplete agreement, the fixed portions of these costs are $300 and $200 respectively. The detail of production costs is listed below: Direct materials Direct labor Utilities Property taxes Indirect labor (quality control) Supervisor salaries Maintenance Depreciation $ $ $ $ $ $ $ $ 7,500 15,000 1,800 1,000 4,500 1,800 1,100 2,400 Required: A. Identify the costs as variable, fixed, or mixed. B. Calculate the expected cost if the company were to produce 5,000 units. rials - Dereck

Question 2: Determine which costs are variable/fixed/mixed and calculating total costs when output changes. MRT Inc manufactures a single product. It has incurred the following production costs related to manufacturing 3,000 units. The controller is concerned with the utilities and maintenance costs as it is the first year these costs have been incurred. Per the incomplete agreement, the fixed portions of these costs are $300 and $200 respectively. The detail of production costs is listed below: Direct materials Direct labor Utilities Property taxes Indirect labor (quality control) Supervisor salaries Maintenance Depreciation $ $ $ $ $ $ $ $ 7,500 15,000 1,800 1,000 4,500 1,800 1,100 2,400 Required: A. Identify the costs as variable, fixed, or mixed. B. Calculate the expected cost if the company were to produce 5,000 units. rials - Dereck

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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