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Question 24 Acme Company manufactured 40,000 widgets in October and 52,000 widgets in November. Here are data regarding Acme's manufacturing costs: Cost 1 2 October November $120,000 $156,000 $250,000 $290,000 $620,000 $773,000 $480,000 $624,000 Which costs are properly classified as mixed costs? 4 Only 1 O Only 1 and 4 O Only 2 and 3 Only 3 and 4 Only 4

Question 24 Acme Company manufactured 40,000 widgets in October and 52,000 widgets in November. Here are data regarding Acme's manufacturing costs: Cost 1 2 October November $120,000 $156,000 $250,000 $290,000 $620,000 $773,000 $480,000 $624,000 Which costs are properly classified as mixed costs? 4 Only 1 O Only 1 and 4 O Only 2 and 3 Only 3 and 4 Only 4

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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Question 24 Acme Company manufactured 40,000 widgets in October and 52,000 widgets in November. Here are data regarding Acme's manufacturing costs: Cost 1 2 3 4 November $156,000 $290,000 $773,000 $480,000 $624,000 Which costs are properly classified as mixed costs? O Only 1 O Only 1 and 4 O Only 2 and 3 Only 3 and 4 Only 4 October $120,000 $250,000 $620,000
Transcribed Image Text:Question 24 Acme Company manufactured 40,000 widgets in October and 52,000 widgets in November. Here are data regarding Acme's manufacturing costs: Cost 1 2 3 4 November $156,000 $290,000 $773,000 $480,000 $624,000 Which costs are properly classified as mixed costs? O Only 1 O Only 1 and 4 O Only 2 and 3 Only 3 and 4 Only 4 October $120,000 $250,000 $620,000
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