Units Produced Total Total Lumber Utilities Total Machine Depreciation Cost Cost Cost 9,000 shelves $90,000 $11,350 $145,000 18,000 shelves 180,000 21,700 145,000 36,000 shelves 360,000 42,400 145,000 45,000 shelves 450,000 52,750 145,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation Variable Cost ✓ Mixed Cost X Incorrect Fixed Cost 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N Number of Units Produced, Total Costs (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Fixed Portion of Cost Variable Portion of Cost (per Unit) Cost Lumber 0 Utilities Depreciation 145,000 10 X
Units Produced Total Total Lumber Utilities Total Machine Depreciation Cost Cost Cost 9,000 shelves $90,000 $11,350 $145,000 18,000 shelves 180,000 21,700 145,000 36,000 shelves 360,000 42,400 145,000 45,000 shelves 450,000 52,750 145,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Lumber Utilities Depreciation Variable Cost ✓ Mixed Cost X Incorrect Fixed Cost 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N Number of Units Produced, Total Costs (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Fixed Portion of Cost Variable Portion of Cost (per Unit) Cost Lumber 0 Utilities Depreciation 145,000 10 X
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am.1112.
Transcribed Image Text:Units
Produced
Total
Total
Lumber Utilities
Total Machine
Depreciation
Cost
Cost
Cost
9,000 shelves $90,000
$11,350
$145,000
18,000 shelves 180,000
21,700
145,000
36,000 shelves 360,000
42,400
145,000
45,000 shelves 450,000
52,750
145,000
1. Determine whether the costs in the table are variable, fixed, mixed, or none of these.
Lumber
Utilities
Depreciation
Variable Cost ✓
Mixed Cost X
Incorrect
Fixed Cost
2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero,
enter "0". Recall that, for N Number of Units Produced, Total Costs (Variable Cost Per Unit x N) + Fixed Cost. Complete the
following table with your answers. Round variable portion of cost (per unit) answers to two decimal places.
Fixed Portion
of Cost
Variable Portion
of Cost (per Unit)
Cost
Lumber
0
Utilities
Depreciation
145,000
10
X
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