Answer:
The variable cost per unit is $25.20
Total Fixed Cost is $35380
Explanation:
a.
The high-low method is used to separate mixed cost and give the variable component per unit in the mixed cost.
We take the highest and lowest cost and related activity level.
The Variable cost per unit = (100900 - 63100) / (2600 - 1100)
VC per unit = $25.20
b.
The total fixed cost is,
Total Cost at 1100 units = 63100
Variable cost at 1100 units = 25.20 * 1100 = 27720
Total fixed cost = 63100 - 27720 = $35380
honestly you would need all of them because they are very important to have as you get older
Answer:
4. Maintain; Defaults, Inventory Items, record inventory information.
Explanation:
The question, in my understanding, is referring to master data of inventory items. Most enterprise inventory systems maintain attributes/information about a specific inventory item in a master table so that this record (and all other default info saved against it) can be pulled up and used in transactions as needed. Answers 1-3 are all pertaining to transactions and not maintenance information.
Answer:
The correct answer is: the additional product generated by additional units of an input will eventually diminish.
Explanation:
The law of diminishing marginal returns states that with each additional unit of input employed the marginal product of each additional input will go on declining.
This is why the total product will increase at first but after reaching a certain point it will start declining. The total product will be maximum at the point where the marginal product is zero. When marginal product becomes negative the total product will decline.
The fixed factory overhead volume variance is $400 (unfavorable)
solution
Fixed Overhead Volume Variance = Applied Fixed Overhead – Budgeted Fixed Overhead
Applied Fixed Overhead
= 4,000 units ×2.5 hrs per unit×$0.80 = $8000
and
Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400
Fixed Overhead Volume Variance = $8000- $8400 = $400 (unfavorable)
