Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wildhorse co. reports the following costs and acco

Wildhorse Co. reports the following costs and account analysis classification for 15,700 car washing for...

70.2K

Verified Solution

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

imageimage

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!
Become a Member

Other questions asked by students