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What is the best estimate of company fixed costs per period

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Reference no: EM132659960

Problem 1: B.Co has recorded the following data in the two most recent period.

Total Costs of Production            Volume of Production

$ Units

13,500                                       700

18,300                                        1,100

What is the best estimate of the company's fixed costs per period?

A. $13,500

B. $13,200

C. $5,100

D. $4,800

Problem 2: Which of the following are prime costs?

(i) Direct materials

(ii) Direct labour

(iii) Indirect labour

(iv) Indirect expenses

A. (i) and (ii)

B. (i) and (iii)

C. (ii) and (iii)

D. (ii) and (iv)

Reference no: EM132659960

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