Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill
Question:
Wyoming Company makes windmills. The company has the following total costs at the given levels of windmill production:
Units Produced Total Costs
20..........$16,000
30.........22,000
40............20,000
50.........28,000
1. Use the scattergraph method to estimate the fixed and variable elements of Wyoming’s total costs.
2. Compute the total cost of making 64 windmills, assuming that total fixed costs are $10,000 and that the variable cost rate computed in part (1) does not change.
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1 Scattergraph It appears that at production levels of 2050 windmills ...View the full answer
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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