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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

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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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
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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