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 Wyomings total costs. 2. Compute the total cost of making 64 windmills, assuming that total fixed costs are $10,000 and that
Chapter 21, Practice Exercises #25
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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Accounting concepts and applications
11th Edition
Authors: Albrecht Stice, Stice Swain
ISBN: 978-0538745482