Use the information below to answer the following question(s).Consider the following data of the Vancouver Company for the year 2019:

-What is the unit cost for the plant leasing costs for 2019 assuming plant leasing costs are for the production of 1,014,000 units?
A)$0.119
B)$0.118
C)$0.110
D)$0.900
E)$0.943

Question

Use the information below to answer the following question(s).Consider the following data of the Vancouver Company for the year 2019:
 
-What is the unit cost for the plant leasing costs for 2019 assuming plant leasing costs are for the production of 1,014,000 units?
A)$0.119 
B)$0.118 
C)$0.110 
D)$0.900 
E)$0.943

Quizplus · Accepted Answer

Unit cost for plant leasing costs = Total plant leasing costs / Number of units produced
Total plant leasing costs = $120,000
Number of units produced = 1,014,000
Unit cost for plant leasing costs = $120,000 / 1,014,000 = $0.118 (rounded to the nearest thousandth)
Therefore, the answer is B.

Use the Information Below to Answer the Following Question(s)