Wildhorse Co. reports the following costs and account analysis classification for 15,700 car washing for...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Wildhorse Co. reports the following costs and account analysis classification for 15,700 car washing for the year ended December 31, 2016: Account Classification Amount Direct materials 100% variable $25,400 Direct labour 100% variable $35,800 Office support 30% variable $12,500 Utilities 20% variable $38,000 Rent 0% variable $38,700 Depreciation 0% variable $34,600
Current Attempt in Progress Wildhorse Co. reports the following costs and account analysis classification for 15,700 car washing for the year ended December 31, 2016: Account Classification Amount Direct materials 100% variable $25,400 Direct labour 100% variable $35,800 Office support 30% variable $12,500 Utilities 20% variable $38,000 Rent 0% variable $38,700 Depreciation 0% variable $34,600 (a) (a) What is the variable cost per car wash? What is the total fixed cost for 15,700 car washing? Prepare the cost equation. (Round variable cost per car wash to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 1,575.) Variable cost per car wash = ta per car wash Total fixed cost A Cost Equation: Total Cost = $ ta + $ x number of car washes Save for Later Attempts: unlimited Submit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
