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WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Production crew July September Broadcast Hours Cost Behavior Variable Cost Amount during Month $ 4,410 350 7,686 610 4,700 350 4,700 610 Supervisory employees Fixed July September Required: 1. Compute the cost per broadcast hour during July and September for each of these cost items. 2. What will be the total amount incurred for each of these costs during December, when the station's activity will be 380 broadcast hours? 3. What will be the cost per broadcast hour in December for each of the cost items?

WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Production crew July September Broadcast Hours Cost Behavior Variable Cost Amount during Month $ 4,410 350 7,686 610 4,700 350 4,700 610 Supervisory employees Fixed July September Required: 1. Compute the cost per broadcast hour during July and September for each of these cost items. 2. What will be the total amount incurred for each of these costs during December, when the station's activity will be 380 broadcast hours? 3. What will be the cost per broadcast hour in December for each of the cost items?

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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WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Production crew July September Broadcast Hours Cost Behavior Variable Cost Amount during Month $ 4,410 350 7,686 610 4,700 350 4,700 610 Supervisory employees July September Fixed Required: 1. Compute the cost per broadcast hour during July and September for each of these cost items. 2. What will be the total amount incurred for each of these costs during December, when the station's activity will be 380 broadcast hours? 3. What will be the cost per broadcast hour in December for each of the cost items? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost per broadcast hour during July and September for each of these cost items. Note: Round your answers to 2 decimal places. Cost Item Production crew Supervisory employees Cost per Broadcast Hour July September per hour per hour per hour per hour
Transcribed Image Text:WMEJ is an independent television station run by a major state university. The station's broadcast hours vary during the year depending on whether the university is in session. The station's production-crew and supervisory costs are as follows for July and September. Cost Item Production crew July September Broadcast Hours Cost Behavior Variable Cost Amount during Month $ 4,410 350 7,686 610 4,700 350 4,700 610 Supervisory employees July September Fixed Required: 1. Compute the cost per broadcast hour during July and September for each of these cost items. 2. What will be the total amount incurred for each of these costs during December, when the station's activity will be 380 broadcast hours? 3. What will be the cost per broadcast hour in December for each of the cost items? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the cost per broadcast hour during July and September for each of these cost items. Note: Round your answers to 2 decimal places. Cost Item Production crew Supervisory employees Cost per Broadcast Hour July September per hour per hour per hour per hour
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