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total etching cost

total etching cost

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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Required information George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 2 3 4 5 6 Units 10 7 18 6 12 13 66 Total Etching Cost $26 24 31 20 27 27 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Expected total etching cost 3. If the company processes thirteen units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
Transcribed Image Text:Required information George Caloz & Frères, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: Week 1 2 3 4 5 6 Units 10 7 18 6 12 13 66 Total Etching Cost $26 24 31 20 27 27 $ 155 For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. Expected total etching cost 3. If the company processes thirteen units next week, what would be the expected total etching cost? (Round your intermediate calculations and final answer to 2 decimal places.)
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