Answer: Choice A
Explanation:
A mixed cost is a cost that consists of both the fixed and the variable component. An example is utility.
It should be noted that as the level of activity increases, the mixed cost in total will increase while mixed cost per unit will reduce. This is because there'll be an increase in unit which will ideally lead to reduction in the per unit while total mixed cost increase.
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Answer:
$92,620
Explanation:
The computation of the amount to be reported as the cost of the land is shown below:
= Cash paid to construct a small office building + demolished cost + attorney fee + real estate broker fee - sale of salvage materials
= $79,340 + $8,250 + $1,630 + $5,080 - $1,680
= $92,620
All that cost which is related to the land is to be recognized.
All other information which is given is not relevant. Hence, ignored it