Homework Answers
Solution
| Number of Muffler Replacements | |||
| 500 | 600 | 700 | |
| Total Costs | |||
| Fixed costs | $ 56,400.00 | $ 56,400.00 | $ 56,400.00 |
| Variable costs | $ 27,000.00* | $ 32,400.00 | $ 37,800.00** |
| Total Costs | $ 83,400.00 | $ 88,800.00 | $ 94,200.00 |
| Cost per muffler replacement | |||
| Fixed costs | $ 112.80 | $ 94.00 | $ 80.57 |
| Variable costs | $ 54.00 | $ 54.00 | $ 54.00 |
| Total Cost per muffler replacement | $ 166.80 | $ 148.00 | $ 134.57 |
*Total variable cost for 500 Mufflers= 32400/600 x 500
**Total variable cost for 500 Mufflers= 32400/600 x 700.
The fixed cost in total remains same that is why it decreases on per unit level when units increase and vice versa.
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Mighty Muffler, Inc, operates an automobile service facility that specializes in replacing mufflers on compact cars....
Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars....
Mighty Muffler, Inc. operates
an automobile service facility that specializes in replacing
mufflers on compact cars. The following table shows the costs
incurred during a month when 800 mufflers were replaced. (Round
"cost per muffler" to 2 decimal places.)
Number of Muffler Replacements 800 700 900 Total costs: Fixed costs $ 72,800 72,800 72,800 Variable costs 40,800 Total costs $ 113,600 Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement
Saved Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact...
Saved Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 500 mufflers were replaced. (Round "cost per muffler" to 2 decimal places.) Number of Muffler Replacements 400 500 600 Total costs Found costs Variable costs Total costs Cost per muffler replacement Fixed cost Variable cost Total cost per muffler replacement $ 44,000 24,000 $ 68,000
Exercise 2-30 Fixed and Variable Costs; Automobile Service; Missing Data (LO 2-1, 2-8) Mighty Muffler, Inc....
Exercise 2-30 Fixed and Variable Costs; Automobile Service;
Missing Data (LO 2-1, 2-8)
Mighty Muffler, Inc. 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. (Round "cost per muffler" to 2
decimal places.)
Number of Muffler Replacements 800 900 1000 Total costs: Fixed costs $ 82,800 Variable costs 46,800 Total costs $ 129,600 Cost per muffler replacement: Fixed cost Variable cost...
1. Mighty Muffler, Inc., operates an automobile service facility. The table below shows the cost incurred...
1. Mighty Muffler, Inc., operates an automobile service facility. The table below shows the cost incurred during a month when 400 mufflers were replaced Number of Muffler Replacements 100 400 1.200 Total costs: Fixed costs Variable costs Total costs $12.000 Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Required: Fill in the missing amounts, labeled A through P, in the table.
answer the problem E6-11 High-Low Method; Multiple Stages Aerobics School's operating costs have three components: facility...
answer the problem
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Cathy and Tom's Specialty Ice Cream Company operates a small production facility for the local community....
Cathy and Tom's Specialty Ice Cream Company operates a small production facility for the local community. The facility has the capacity to make 25,200 gallons of the single flavor, GUI Chewy, annually. The plant has only two customers, Chuck's Gas & Go and Marcee's Drive & Chew DriveThru. Annual orders for Chuck's total 12,600 gallons and annual orders for Marcee's total 6,300 gallons. Variable manufacturing costs are $1.20 per gallon, and annual fixed manufacturing costs are $31,500. The ice cream...
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility...
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Auto Lavage is a Canadian company that owns and operates a large automatic carwash facility near Quebec. The following t...
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Varmit-B-Gone is a pest control service that operates in a suburban neighborhood. The company attempts to make service calls at least once a month to all homes that subscribe to its service. It makes more frequent calls during the summer. The number of subscribers also varies with the season. The number of subscribers and the average number of calls to each subscriber for the months of interest follow: Subscribers Service calls (per subscriber) March 600 0.6 April 700 0.9 May...
Mighty Muffler, Inc. operates
an automobile service facility that specializes in replacing
mufflers on compact cars. The following table shows the costs
incurred during a month when 800 mufflers were replaced. (Round
"cost per muffler" to 2 decimal places.)
Number of Muffler Replacements 800 700 900 Total costs: Fixed costs $ 72,800 72,800 72,800 Variable costs 40,800 Total costs $ 113,600 Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement
Saved Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 500 mufflers were replaced. (Round "cost per muffler" to 2 decimal places.) Number of Muffler Replacements 400 500 600 Total costs Found costs Variable costs Total costs Cost per muffler replacement Fixed cost Variable cost Total cost per muffler replacement $ 44,000 24,000 $ 68,000
Exercise 2-30 Fixed and Variable Costs; Automobile Service;
Missing Data (LO 2-1, 2-8)
Mighty Muffler, Inc. 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. (Round "cost per muffler" to 2
decimal places.)
Number of Muffler Replacements 800 900 1000 Total costs: Fixed costs $ 82,800 Variable costs 46,800 Total costs $ 129,600 Cost per muffler replacement: Fixed cost Variable cost...
1. Mighty Muffler, Inc., operates an automobile service facility. The table below shows the cost incurred during a month when 400 mufflers were replaced Number of Muffler Replacements 100 400 1.200 Total costs: Fixed costs Variable costs Total costs $12.000 Cost per muffler replacement: Fixed cost Variable cost Total cost per muffler replacement Required: Fill in the missing amounts, labeled A through P, in the table.
answer the problem
E6-11 High-Low Method; Multiple Stages Aerobics School's operating costs have three components: facility cost (fixed), exercise supplies (variable), and manpower cost (mixed). Past records reveal that, at the activity level of 500 operating hours, the following overhead costs were incurred: Facility cost....... $30,000 Exercise supplies 10,000 Manpower cost....... 24,000 Total ...... $64,000 The same records also reveal that, at the 700 operating-hour level, the total overhead was $76,000. Required: 1. Estimate the cost of exercise supplies at...
Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company's costs: Fixed Cost per Month $1,100 cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Cost per Car Washed $0.40 $0.07 $0.25 $0.20 $4,100 $8,400 $2,100 $1,800 $0.04 For example, electricity costs are $1,100 per month plus $0.07 per car washed. The company expects to wash 8,100 cars in August and to...
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