QUESTION THREEa) Define fixed, variable and semi-variable costs and give an example of each.b) You have been given the following information on costs. Segregate them intofixed and variable elements. For each level of activity prepare a table to show:Total fixed costsi.Fixed costs per unitTotal variable costsii.III.iv. Variable cost per unitThe information is as below:Month Units110002320003000Total costsK1,000,000K1,200,000K1,600,000c) Calculate the minimum selling price per unit the company should charge toBreak Even in month five (5) assuming production was increasing the samerate as the three months given.

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a) Define fixed, variable and semi-variable costs and give an example of each.

Principles of Accounting Volume 2

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Chapter2: Building Blocks Of Managerial Accounting

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Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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