Select cost information for Seacrest Enterprises is as follows: Direct materials Utilities expense Rent expense Based on this information: Multiple Choice 1,000 units of output Total Cost/Unit 1 $ 5,000 $ 5.00 $ 1.00 $ 1,000 $4,000 $ 4.00 Both direct materials and rent expense are variable costs. 5,000 units of output Cost/Unit Total $ 25,000 $ 3,750 $ 4,000 Utilities expense is a mixed cost and rent expense is a variable cost. Utilities expense is a mixed cost and rent expense is a fixed cost. $ 5.00 $ 0.75 $0.80

Select cost information for Seacrest Enterprises is as follows: Direct materials Utilities expense Rent expense Based on this information: Multiple Choice 1,000 units of output Total Cost/Unit 1 $ 5,000 $ 5.00 $ 1.00 $ 1,000 $4,000 $ 4.00 Both direct materials and rent expense are variable costs. 5,000 units of output Cost/Unit Total $ 25,000 $ 3,750 $ 4,000 Utilities expense is a mixed cost and rent expense is a variable cost. Utilities expense is a mixed cost and rent expense is a fixed cost. $ 5.00 $ 0.75 $0.80

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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This topic is about Cost Behavior. Observations Unit Volume Total Production Cost 1 6,500 26,500 2 7,000 28,000 3 8,100 31,800 4 5,500 24,500 5 5,400 25,000 6 3,600 21,400 7 3,400 15,300 8 7,500 28,500 9 3,500 19,000 10 3,000 18,000 11 9,000 32,000 12 4,400 21,500 13 7,200 28,500 14 500 5,000 Using the data above, create a scattegraph method and determine the total variable cost per unit total fixed cost, and total variable cost.
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