Use the data below to answer questions 9 and 10. Phone plus Ltd has the...

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Accounting

Use the data below to answer questions 9 and 10.

Phone plus Ltd has the following information in relation to the production of mobile phones.

Year

Number of phones

Total Costs

2019

1,112,000

331,760

2020

1,368,000

390,640

From the above data:

Question 9

Calculate the fixed cost element in the total costs.

Question 10

Phone Plus Ltd estimates to produce 1,300,000 mobile phones in 2021, calculate the total cost of producing the mobile phones in 2021.

Answer & Explanation Solved by verified expert
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