Select cost information for Seacrest Enterprises is as follows: Direct materials Utilities expense Rent expense Based on this information: Multiple Choice 1,000 units of output Total Cost/Unit 1 $ 5,000 $ 5.00 $ 1.00 $ 1,000 $4,000 $ 4.00 Both direct materials and rent expense are variable costs. 5,000 units of output Cost/Unit Total $ 25,000 $ 3,750 $ 4,000 Utilities expense is a mixed cost and rent expense is a variable cost. Utilities expense is a mixed cost and rent expense is a fixed cost. $ 5.00 $ 0.75 $0.80

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter15: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....
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Select cost information for Seacrest Enterprises is as follows:
Direct materials
Utilities expense
Rent expense
Based on this information:
Multiple Choice
O
1,000 units of output
Total
Cost/Unit
$ 5,000
$ 5.00
$ 1,000
$ 1.00
$4,000
$ 4.00
Both direct materials and rent expense are variable costs.
5,000 units of output
Cost/Unit
Total
$ 25,000
$ 3,750
$ 4,000
Utilities expense is a mixed cost and rent expense is a variable cost.
Utilities expense is a mixed cost and rent expense is a fixed cost.
Direct materials is a fixed cost and utilities expense is a mixed cost.
$ 5.00
$ 0.75
$ 0.80
Transcribed Image Text:Select cost information for Seacrest Enterprises is as follows: Direct materials Utilities expense Rent expense Based on this information: Multiple Choice O 1,000 units of output Total Cost/Unit $ 5,000 $ 5.00 $ 1,000 $ 1.00 $4,000 $ 4.00 Both direct materials and rent expense are variable costs. 5,000 units of output Cost/Unit Total $ 25,000 $ 3,750 $ 4,000 Utilities expense is a mixed cost and rent expense is a variable cost. Utilities expense is a mixed cost and rent expense is a fixed cost. Direct materials is a fixed cost and utilities expense is a mixed cost. $ 5.00 $ 0.75 $ 0.80
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