The following graphs relate to the behavior of certain costs involved in the operation of a mechanical

Question:

The following graphs relate to the behavior of certain costs involved in the operation of a mechanical arts course offered by a local corporation in a program of adult education.
Required:
a. Title each graph to show the type of cost it describes (fixed, variable, semivariable, etc.).
b. From the list of costs on the next page select those that each graph describes:
The following graphs relate to the behavior of certain costs

Costs
1. Cost of raw materials used by students.
2. Depreciation of machinery and equipment used.
3. Cost of blueprints and manuals. Extra copies must be acquired for every 6 students who enroll over the minimum number of 24.
4. Utilities and maintenance. Utilities remain constant each month, but maintenance tends to vary with the usage of machinery and equipment.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Texts and Cases

ISBN: 978-1259097126

13th edition

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

Question Posted: