Develop the cost formula for the gallerys costs for a year, Accounting Basics

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Develop the cost formula for the gallerys costs for a year

Problem:

Refer to the Ben Palman art gallery information in Exercise.

Required:

1. Assume that the cost driver is number of opening shows. Develop the cost formula for the gallery's costs for a year.

2. Using the formula developed in Requirement 1, what is the total cost for Ben in a year with 12 opening shows? With 14 opening shows?

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Accounting Basics: Develop the cost formula for the gallerys costs for a year

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Accounting Basics: Develop the cost formula for the gallerys costs for a year

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