lease show work so i may better understand for 3-A and 3-B. !Required information[The following information applies to the questions displayed below.]Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. Inreviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101over the last five terms:TermFall, last yearWinter, last yearSummer, last yearFall, this yearWinter, this yearNumber ofSectionsOfferedRequired 3A Required 3B26534Fixed costVariable costTotal expected costTotal Cost$ 7,500Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated withthe course. He would like to have the variable and fixed costs separated for planning purposes.S$ 13,000$ 10,0003-a. Assume that because of the small number of sections offered during the Winter Term this year, Professor Morton will have to offereight sections of Finance 101 during the Fall Term. Compute the expected total cost for Finance 101.3-b. Can you see any problem with using the cost formula from (2) above to derive this total cost figure?$ 8,000$9,500Complete this question by entering your answers in the tabs below.Assume that because of the small number of sections offered during the Winter Term this year, Professor Morton will have tooffer eight sections of Finance 101 during the Fall Term. Compute the expected total cost for Finance 101. (Roundintermediate calculations and final answers to the nearest whole dollar amount.)

Cost calculation is significant because it aids in establishing the entire cost when an input value…

Required information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year Winter, last year Summer, last year Fall, this year Number of Sections offered 2653 3 Total Cost $ 7,500 $ 13,000 $ 10,000 $ 8.000

Required information [The following information applies to the questions displayed below.] Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department's cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms: Term Fall, last year Winter, last year Summer, last year Fall, this year Number of Sections offered 2653 3 Total Cost $ 7,500 $ 13,000 $ 10,000 $ 8.000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...

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