Lake City, Inc.sold 800 contracts at $400 each.Each contract permitted the buyer to use a tin pincher 16 times and a glass finisher 20 times.Cost information follows:
$\begin{array} { l l l }
\text { Initial direct costs } & \$ 8,000 & \
\text { Annual indirect costs } & 5,000 & \
\text { Direct cost per service use: } & \
& \text { Tin pincher } & 4 \
&\text { Glass finisher }& 60
\end{array}$
In the first year, the tin pincher was used 4, 500 times and the glass finisher was used 4, 800 times.
Required:
Fill in the lines below.

Question

Lake City, Inc.sold 800 contracts at $400 each.Each contract permitted the buyer to use a tin pincher 16 times and a glass finisher 20 times.Cost information follows:
 $\begin{array} { l l l } 
\text { Initial direct costs } & \$ 8,000 & \
\text { Annual indirect costs } & 5,000 & \
\text { Direct cost per service use: } & \
& \text { Tin pincher } & 4 \
&\text { Glass finisher }& 60
\end{array}$
 In the first year, the tin pincher was used 4, 500 times and the glass finisher was used 4, 800 times.
Required:
Fill in the lines below.

Quizplus · Accepted Answer

The Answer of Lake City, Inc.sold 800 contracts at $400 each.Each contract permitted the buyer to use a tin pincher 16 times and a glass finisher 20 times.Cost information follows:
 $\begin{array} { l l l } 
\text { Initial direct costs } & \$ 8,000 & \
\text { Annual indirect costs } & 5,000 & \
\text { Direct cost per service use: } & \
& \text { Tin pincher } & 4 \
&\text { Glass finisher }& 60
\end{array}$
 In the first year, the tin pincher was used 4, 500 times and the glass finisher was used 4, 800 times.
Required:
Fill in the lines below.

Lake City, Inc In the First Year, the Tin Pincher Was Used 4