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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

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BuyFindarrow_forward

Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Identify cost graphs

The following cost graphs illustrate various types of cost behavior:


For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases.
a. Direct material cost per unit.
b. Fees for using a patent of $500,000 plus $0.25 for each unit produced.
c. Salary of quality control supervisor.
d. Straight-line depreciation per unit on factory equipment.
e. Total direct materials cost.

To determine

Concept Introduction:

Cost Graph: Cost graph is a diagram which shows the different possible combination of the cost on various level of the production. It shows the different combination of the cost on different level of production.

To Identify:

Prescribe the cost graph for the different costs.

Explanation

a. Direct material cost per unit= Cost graph two because direct material cost remains same on every level of production.

b. Fees for using a patent of $ 500,000 plus .25 for each unit produced= Cost graph three because it is fixed till a particular level and increases thereafter.

c...

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