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A total of 550 direct labor hours was required for the

Exercise- Mixed Costs and the Cost Equation

Carla Janes and Associates incurred total costs of $10,000 to produce 500 custom mirrors. A total of 550 direct labor hours was required for the production of the mirrors. Direct labor is variable and costs $10 per hour.

Required:

How much fixed cost did Carla Janes and Associates incur?

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Accounting Basics: A total of 550 direct labor hours was required for the

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