Variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)
=(3766-3686)/(1900-1300)
which is equal to
=$0.13(Approx)
A soft drink bottler incurred the following factory utility cost: $3,686 for 1,300 cases bottled and...
A soft drink bottler incurred the following factory utility cost: $3,886 for 900 cases bottled and $3,944 for 1,100 cases bottled. Factory utility cost is a mixed cost containing both fixed and variable components. The variable factory utility cost per case bottled is closest to: Multiple Choice $4.32 $0.29 $3.59 O O $3.53
Walston Manufacturing Company has provided the following data concerning its raw materials inventories last month: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory 5 80,000 $420,000 $ 50,000 The cost of the raw materials used in production for the month was: Multiple Choice $500,000 $450,000 Multiple Choice $500,000 $450,000 $390,000 $470.000 Multiple Choice O work in process inventory has decreased during the period. finished goods inventory has increased during the period. total manufacturing costs must be...