Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimated that his variable cost per unit is £10. If Noel produced 10,000 units his fixed cost per unit would be: £1 £100 £1,000 £0

Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimated that his variable cost per unit is £10. If Noel produced 10,000 units his fixed cost per unit would be: £1 £100 £1,000 £0

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 8EB: Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000...

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Question

Noel Stewart has estimated that the total fixed costs for his department are £10,000.He also estimated that
his variable cost per unit is £10.
If Noel produced 10,000 units his fixed cost per unit would be:
£1
£100
£1,000
£0

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