1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Musya8 [376]
3 years ago
6

The manager at Screaming Trees has been trying to calculate the portion of the​ company's overhead expenses that is fixed and th

e portion that is variable. Over the past twelve​ months, the number of yards of processed was highest in​ July, when the total monthly overhead costs totaled $ 28 comma 000 for 32 comma 000 yards of mulch processed. The lowest number of yards of mulch processed in the last twelve months occurred in​ October, when total overhead costs were $ 23 comma 000 for 24 comma 000 yards of mulch processed. What is the fixed portion of the monthly overhead​ expenses? (Do not round any intermediate​ calculations.)
Business
1 answer:
Neporo4naja [7]3 years ago
5 0

Answer:

$8,000

Explanation:

For computing the fixed portion first we have to compute the variable portion using the high low method which is shown below:

Variable cost per hour = (High total monthly overhead costs - low total monthly overhead costs) ÷ (High number of yards - low number of yards)

= ($28,000 - $23,000) ÷ (32,000 yards - 24,000 yards)

= $5,000 ÷ 8,000 yards

= $0.625 per yard

Now the fixed cost equal to

= High total monthly overhead costs - (High number of yards × Variable cost per yard)

= $28,000 - (32,000 yards × $0.625)

= $28,000 - $20,000

= $8,000

You might be interested in
McGinnis Construction is a cash-basis company with a fiscal year-end of June 30. McGinnis’ employees earn a normal weekly wage o
viva [34]

Answer:

As a result of operations, there will be an understatement of McGinnis’ net income for the most recent fiscal year of 30900

Explanation:

Services             40900

Weekly wage     10000

FY end on June  30900

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made. Thus, you record revenue only when a customer pays for a billed product or service, and you record a payable only when it is paid by the company

5 0
3 years ago
Which sentence best describes how money functions as a “store of value”?
pashok25 [27]
You can exchange money for goods and services.
5 0
3 years ago
Read 2 more answers
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
stiv31 [10]

Answer:

a) Determination of the amount of the amortization, depletion, or impairment for the current year for each item:

   Item                 Impairment   Amortization    Depletion

                             Expense         Expense          Expense

a. Timber rights                                                  $304,000

b. Goodwill        $ 1,110,000

c. Patent                                     $456,000

b) Adjusting Journal Entries:

Date       Account Titles                                   Debit         Credit

Dec. 31   Depletion Expense -Timber rights  $304,000

              Accumulated Depreciation - Timber rights     $304,000

To record the depletion expense for Timber rights.

Dec. 31   Goodwill Impairment Loss             $1,110,000

              Accumulated Goodwill Impairment                $1,110,000

To record the impairment loss for Goodwill

Dec. 31   Amortization Expense - Patent     $456,000

              Accumulated Amortization - Patent                 $456,000

To record the amortization expense for Patent.

Explanation:

a) Data and Calculations:

February 22, Purchase of Timber rights $1,140,000

Estimated stand of timber = 6,000,000

Used board feet of timber = 1,600,000

Units of product Depletion

= $1,140,000/6,000,000 * 1,600,000

= $304,000

December 31, Goodwill impairment

= $1,110,000

April 3 Patent:

Cost incurred $9,120,000

Amortization per annum = $608,000 ($9,120,000/15)

Amortization for the current year = $456,000 ($608,000 * 3/4)

8 0
3 years ago
Traditional savings account typical minimum balance
Gwar [14]

Answer:

click the image

Explanation:

I hope it help.

4 0
3 years ago
20. The National Response Framework is a comprehensive guide to prevention, protection, response, recovery, and mitigation. A. T
Vlad1618 [11]

Answer:

Answer is option A, i.e. True.

Explanation:

The National Response Framework is a regarded as a comprehensive guide to deal with various emergencies and disasters that may threaten the normal ongoing process of a nation. This guide provides all the details regarding the prevention, protection, response,, and recovery from different types of dangerous situation that might adversely affect the well being of the nation.

8 0
3 years ago
Other questions:
  • To maintain a competitive advantage, the top management of a national furniture store made the decision to increase employee tra
    13·1 answer
  • Year after she assisted them in making changes to an employee incentive plan, kara, an od consultant, is visiting thomas enginee
    15·1 answer
  • When arnie was sent to afghanistan for military duty, he was issued a special camouflage uniform so that he would not be as read
    6·1 answer
  • Due to synergism, if you take two depressants together, it may be the same as taking __________.
    7·1 answer
  • Celine has an unwavering belief in her new start-up company. She possesses intense focus and takes un-conventional risks to make
    11·1 answer
  • Gracius Manufacturing is approached by a European customer to fulfill a oneminustimeminusonly special order for a product simila
    12·1 answer
  • The Soma Inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $60 a night. Operating costs a
    8·1 answer
  • A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur
    8·2 answers
  • What was the target market for traditional advertisers
    15·1 answer
  • How does PESTLE help your strategic development team?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!