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Accounting_203_Chapter_5_Test

# Accounting_203_Chapter_5_Test - ACCOUNTING 203 Chapter 5...

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ACCOUNTING 203 Chapter 5 Practice Test 1. Shipping costs at Fisheries Inc. are a mixed cost with variable and fixed cost components. Records indicate the company shipped 6,000 tons of halibut for \$5,000 in March and 9,000 tons for \$7,400 in April. Assuming that this activity is within the relevant range, the expected shipping cost for shipping 7,800 tons would be: A) \$6,240. B) \$9,750. C) \$6,440. D) \$6,200. 2. At an activity level of 20,000 units produced, fixed costs total \$30,000 and variable costs total \$67,000. Assuming that this activity is within the relevant range if 25,000 units are produced, then: Use the following to answer questions 3-6 Buffo Company fabricates metal folding chairs. Data concerning the company’s revenue and cost structure follow: Selling price per unit……………………….. \$35 Manufacturing cost………………………… \$4,000 per month plus \$17 per unit

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Accounting_203_Chapter_5_Test - ACCOUNTING 203 Chapter 5...

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