At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30,000. At 10,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $90,000. Fixed and variable costs may be expresses as.

Question
Asked Apr 30, 2019
465 views

At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30,000. At 10,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $90,000. Fixed and variable costs may be expresses as.

check_circle

Expert Answer

Step 1

Fixed costs: Fixed costs are those costs which remain unchanged even there is a change in the production volume.

 

Variable costs: Variable costs are those costs which change in proportion to change in the production volume.

Step 2

Calculate the fixed and...

fullscreen

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Related Accounting Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Cost classifications For each of the following costs, check the column(s) that most likely applies (...

A: Fixed cost: A fixed cost is a cost incurred by a company that remains fixed irrespective of the volu...

question_answer

Q: Waterways puts much emphasis on cash flow when it plans for capital investments. The company chose i...

A: Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want an...

question_answer

Q: Swifty’s Accounting Museum is exploring the purchase of a new building with a useful life of 20 year...

A: Calculate the total savings per year:Given:Cost of the building is $1,369,200Savings from the termin...

question_answer

Q: What should a MNC do to prevent bribery?

A: Bribery is the act of giving or receiving something of value in exchange for some kind of influence ...

question_answer

Q: Montross Lumber processes wood to be shipped to construction companies. In order to keep its product...

A:  Inspection cost: The inspection cost is the cost incurred to examine the quality of the products. I...

question_answer

Q: V2.cengagehðw.com Print Item Calculator Show Me How eBook Cntry AnalySis The following data were ext...

A: Formula for Inventory turnover:Inventory turnover = Cost of goods sold / Average inventory

question_answer

Q: Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The...

A: Calculate the cash outlay.

question_answer

Q: I need help solving this problem. The picture attached is the information which was given. I copy an...

A: Statement of Cost of Goods manufactured: It includes the total cost incurred while manufacturing goo...

question_answer

Q: Savallas Company is highly automated and uses computers to control manufacturing operations. The com...

A: Click to see the answer