Solution-Calculate the expected production costs

Calculate the expected production costs

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Reference no: EM132431941

Question - Bonita Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production:

Production	Costs Incurred
Production	5,000 Units	10,000 Units
Direct materials	$8,000	$16,000
Direct labour	9,500	19,000
Utilities	2,000	3,300
Rent	4,000	4,000
Maintenance	800	1,400
Supervisory salaries	1,000	1,000
Total cost	$25,300	$44,700

Instructions -

(a) Define these terms: variable costs, fixed costs, and mixed costs.

(b) Classify each production cost listed as variable, fixed, or mixed.

Reference no: EM132431941

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Calculate the expected production costs

Reference no: EM132431941

Reference no: EM132431941

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