Reference no: EM132633858

A Closer look on Cost Accounting Required: Determine the amounts of the missing items. Problem 20: Cost Behavior Guardians ran its freezer in January, a slow month for 720 hours for a total cost of P120,000. In August, a peak month, the freezer ran for 1,500 hours at a cost of P80 per hour. Required: What is the estimated total cost at an operating level of 1,000 hours? Problem 21: Variable Cost vs. Fixed Costs ABC manufactures and sells a single product. A partially completed schedule of the company's total and per unit costs over a relevant range of 60 to 100 units produced each year is given below: Units Produced 60 units 80 units 100 units Total Costs: Variable costs P120 Fixed costs P600 Total Costs P760 Per unit Costs: Variable Costs Fixed Costs

Required:

Question 1: Compute the schedule by writing the missing amounts and Which 2 specific costs remain constant over the relevant range?

Question 2: Which 2 specific costs are directly related with production?

Question 3: Which specific cost is inversely related with production?

Question 4: Express the cost formula based on the line equation form Y = a+bX.

Question 5: If the company produces 75 units, then how much is the expected total costs?