1) McCabe Manufacturing Co.'s static budget at 8,000 units of production includes $40,000 for direct labor and...
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a. variable costs of $49,500 and $25,875 of fixed costs
b. variable costs of $44,000 and $23,000 of fixed costs
c. variable costs of $49,500 and $23,000 of fixed costs
d. variable and fixed costs totaling $75,375
2) The anticipated purchase of a fixed asset for $400,000 with a useful life of 5 years and no residual value is expected to yield total income of $150,000. The expected average rate of return, giving effect to depreciation on investment is 15%.
a. True b. False
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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