FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Mighty Muffler, Incorporated, operates an automobile service facility that specializes in replacing mufflers on compact cars. The
following table shows the costs incurred during a month when 900 mufflers were replaced.
Note: Round "cost per muffler" to 2 decimal places.
Required:
Fill in the missing amounts.
Total costs:
Fixed costs
Variable costs
Total costs
Cost per muffler replacement:
Fixed cost
Variable cost
Total cost per muffler replacement
$
800
Muffler Replacements
$
$
103.50 $
$
900
82,800
46,800
129,600
$
92.00
52.00
144.00 $
1000
82.80
134.80
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