The following transactions were recorded for the years 2016 to 2020: Year Spare parts (units) Total cost (K) 2016 1,000 120,000 2017 1,600 240,000 2018 2,200 473,000 2019 2,000 480,000 2020 2,500 520,000 Required: Calculate the total cost in the year 2021 assuming that APEL had 2,175 units. Describe (Four) different cost behaviours.
The following transactions were recorded for the years 2016 to 2020: Year Spare parts (units) Total cost (K) 2016 1,000 120,000 2017 1,600 240,000 2018 2,200 473,000 2019 2,000 480,000 2020 2,500 520,000 Required: Calculate the total cost in the year 2021 assuming that APEL had 2,175 units. Describe (Four) different cost behaviours.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 5PA: Wachowski Company reported these cost data for the year 2017. Use the data to complete the following...
Related questions
Question
The following transactions were recorded for the years 2016 to 2020:
Year |
Spare parts (units) |
Total cost (K) |
2016 |
1,000 |
120,000 |
2017 |
1,600 |
240,000 |
2018 |
2,200 |
473,000 |
2019 |
2,000 |
480,000 |
2020 |
2,500 |
520,000 |
Required:
- Calculate the total cost in the year 2021 assuming that APEL had 2,175 units.
- Describe (Four) different cost behaviours.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning