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Unit VI question 3

Unit VI question 3

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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Unit VI question 3

Sheridan Manufacturing manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for the production of 2,700 units. The company's Utilities and Maintenance costs are mixed costs. The fixed portions of these costs are $370 and $270, respectively. Calculate the expected costs to be incurred when production is 4,700 units. Use your knowledge of cost behavior to determine which of the other costs are fixed or variable. Costs Incurred Production in Units 4,700. Type of cost Production Costs Direct Materials 6889 b. Direct Labor Utilities c. 1,504 Rent d. 3,700 Indirect Labor 5,859 £ Supervisory Salaries 2. Maintenance 1,539 h. Depreciation 3,200 e Textbook and Media Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:Sheridan Manufacturing manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for the production of 2,700 units. The company's Utilities and Maintenance costs are mixed costs. The fixed portions of these costs are $370 and $270, respectively. Calculate the expected costs to be incurred when production is 4,700 units. Use your knowledge of cost behavior to determine which of the other costs are fixed or variable. Costs Incurred Production in Units 4,700. Type of cost Production Costs Direct Materials 6889 b. Direct Labor Utilities c. 1,504 Rent d. 3,700 Indirect Labor 5,859 £ Supervisory Salaries 2. Maintenance 1,539 h. Depreciation 3,200 e Textbook and Media Attempts: 0 of 3 used Submit Answer
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