Match Each of the Following Costs with the Graph (A-E)

question 172

Short Answer

Match each of the following costs with the graph (a-e) that best portrays its cost behavior as the number of units produced and sold increases.
-Repairs and maintenance costs of $3,000 for each 2,000 hours of factory machine usage
A)Graph 1
B)Graph 2
C)Graph 3
D)Graph 4
E)Graph 5

• A)Graph 1
• B)Graph 2
• C)Graph 3
• D)Graph 4
• E)Graph 5

---

Definitions:

Journal Entries

Records that document financial transactions in an accounting system, indicating the accounts and amounts to be debited and credited.

Bank Memos

Bank memos are notes or records created by a bank to document adjustments made to a bank account, explaining any changes or transactions.

Bank Reconciliation

A process of matching and comparing figures from the accounting records against those shown on a bank statement to ensure they are in agreement and to identify any discrepancies.

Bank Statement

A document provided by a bank, detailing the transactions in a customer's account over a specified period.