7. B Co has recorded the following data in the two most recent period. ...
7. B Co has recorded the following data in the two most recent period.
Total Costs of Production Volume of Production
K Units
13,500 700
18,300 1,100
What is the best estimate of the company’s fixed costs per period?
Homework Answers
Answer = 5100
Workings
Variable Costs = Change in costs / Change in units
=(18300-13500) / (1100-700)
=4800/400 = 12
Variable costs at production quantity 700 units = 700 units * 12 = 8400
Fixed Costs =Total costs - Variable costs
= 13500 - 8400 = 5100
Checking
At production level of 1100 units,
variable costs = 1100 units * 12 = 13200
Fixed Costs = Total costs - Variable costs
= 18300 - 13200 =5100
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7. B Co has recorded the
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