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
xxTIMURxx [149]
3 years ago
13

Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if

she drives 2,250 miles in a month, her total operating cost is $625. If she drives 3,350 miles in a month, her total operating cost is $845.
Business
1 answer:
kotykmax [81]3 years ago
5 0

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per mile = (High Operating cost - low operating cost) ÷ (High miles - low miles)

= ($845 - $625) ÷ (3,350 miles - 2,250 miles)

= $220 ÷ 1,100 miles

= $0.2 per miles

Now the fixed cost equal to

= High operating cost - (High miles × Variable cost per miles)

= $845 - (3,350 miles × $0.2 per miles)

= $845 - $670

= $175

And, the contribution margin income statement is presented below:

Sales (1,400 × $0.6)                                         $840

Less: Variable cost (1,400 × $0.2)                ($280)

Contribution margin                                        $560

Less: Fixed cost                                               ($175)

Net  operating income                                    $385

You might be interested in
Ben wants to purchase a new tablet. He spends a lot of time researching the latest features available on different brands of tab
Vladimir [108]

Answer:

motivated

Explanation:

to purchase the target, making him a (n) motivated consumer

5 0
3 years ago
Customer loyalty to a business is
kari74 [83]
Good for the company cause the more loyal a customer is the more they will want to spread your sells advertisemants and recommend you to other company.
4 0
3 years ago
Read 2 more answers
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basi
vazorg [7]

Answer:

Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable

Explanation:

Actual variable overhead rate = \frac{Actual variable overhead}{Actual Hours} = \frac{66,170}{6,400}  = 10.34

Therefore variance with the budgeted standard variable overhead

= (Standard Overhead rate - Actual overhead rate) \times Actual Hours

= ($9.70 - $10.34) \times 6,400 = -$4,096

And Fixed Overhead variance = Standard Fixed Overhead - Actual Fixed Overhead = $69,000 - $74,000 = -$5,000

Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = -$4,096 + -$5,000 = -$9,096

Since the value of variance is negative it means the expense both variable and fixed are over absorbed, which means it is unfavorable.

Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable

3 0
3 years ago
Ronald Rawls and Zabian Bailey were in an auto accident in Bridgeport, Connecticut. Bailey rear-ended Rawls at a stoplight. Evid
guapka [62]

Answer:

Yes, Rawls could collect.

Explanation:

It is possible that Rawls collects damages due to negligence. This is due to the fact that the main cause of the accident was not substantiated by the Progressive Northern Insurance Company. The company claimed that the accident could have been caused by a series of events and the company was also not certain about the main cause of the accident.

4 0
3 years ago
Read 2 more answers
A recent harris poll reported that ________ percent of customers say that they will never return to a business after a negative
faust18 [17]
A recent Harris poll reported that 82 to 91 percent of customers say that they will never return to a business after a negative customer service experience. The percentage of customers decision for never returning to a business due to a bad experience varies according to the industries. The range of the percentage is 82 to 91 percent.
3 0
2 years ago
Other questions:
  • If Joanna is risk averse, then:__________.
    15·1 answer
  • Explain how TWO factors have determined the form of ownership of the business
    12·1 answer
  • Complete the following sentence. ​If, as the price of orange juice decreases​, the quantity of grapefruit juice that people buy
    10·1 answer
  • Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand hig
    14·1 answer
  • Why do you think wants is less important?​
    12·1 answer
  • Trisha's Tasty Treats, a bakery and coffee shop, is having a grand opening on Saturday to celebrate its newest location. In addi
    14·1 answer
  • Dawson Manufacturing produces and sells DVD players and is planning to expand sales internationally. Dawson has narrowed down th
    7·1 answer
  • Goodwill messages include messages of thanks, recognition, and sympathy. Taking the time to write these messages gives importanc
    15·1 answer
  • Your company has sales of $ 93,600 this year and cost of goods sold of $ 64,700. You forecast sales to increase to $ 117, 400 ne
    7·1 answer
  • Maren received 10 NQOs (each option gives her the right to purchase 8 shares of stock for $8 per share) at the time she started
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!