Homework Answers
1.
Variable cost = (Cost at highest activity - Cost at lowest activity) /(Highest activity-Lowest activity)
= (313,000-161,500)/(68,000-25,000)
= 3.52
Fixed cost = Total cost - total variable Cost
= 313,000 - (3.52*68,000) = 73,640
Total Cost for 48,000 hours
= (48,000*3.52) + 73,640
= 242,600
Option A is the answer
(As HOMEWORKLIB RULES, I solved your first question)
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