For this scenario, calculate the mixed costs at different levels across the relevant range, then graph them. Hours of Operation Mixed Cost 0 hours $________________ 4,000 $________________ 9,000 $________________ 12,000 $________________ 15,000 $________________ B. Based on the data from the table completed above, select the graph that correctly represents the mixed cost data. (selections in screenshot)
For this scenario, calculate the mixed costs at different levels across the relevant range, then graph them. Hours of Operation Mixed Cost 0 hours $________________ 4,000 $________________ 9,000 $________________ 12,000 $________________ 15,000 $________________ B. Based on the data from the table completed above, select the graph that correctly represents the mixed cost data. (selections in screenshot)
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...
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Question
A. APPLY THE CONCEPTS: Determine the mixed costs
Costs that display characteristics of both fixed and variable costs simultaneously are called "mixed costs."
The rental agreement on a piece of machinery stipulates an annual fee of $6,000 plus $2 for each hour of use. To illustrate, assume the manager wants to know what mixed costs will be at 7,000 hours of operation.
| Fixed Cost | + | (Variable Cost per Unit x Number of Units) | = | Mixed Cost |
| $________________ | + | $_____ x 7,000 hours) | = | $___________ |
For this scenario, calculate the mixed costs at different levels across the relevant range, then graph them.
| Hours of Operation | Mixed Cost |
| 0 hours | $________________ |
| 4,000 | $________________ |
| 9,000 | $________________ |
| 12,000 | $________________ |
| 15,000 | $________________ |
B. Based on the data from the table completed above, select the graph that correctly represents the mixed cost data. (selections in screenshot)
Transcribed Image Text:Mixed Costs
а.
Units
Mixed Costs
b.
Units
%24
Transcribed Image Text:Mixed Costs
b.
Units
$
Mixed Costs
c.
Units
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