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SSSSS [86.1K]
3 years ago
13

Strait Co. manufactures office furniture. During the most productive month of the year, 3,000 desks were manufactured at a total

cost of $59,000. In the month of lowest production the company made 1,125 desks at a cost of $38,000. Using the high-low method of cost estimation, total fixed costs are
a. $21,000
b. $25,400
c. $42,000
d. $13,000

Business
1 answer:
Doss [256]3 years ago
3 0

Answer:

b. $25,400

Explanation:

Please see attachment .

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A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16
Oxana [17]

Answer:

The manufacturer will have a c. Loss

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit)  = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)

The manufacturer produces and sells 3,000 units per month < Break-even point in units. Therefore, the manufacturer will have a loss

8 0
2 years ago
Read 2 more answers
Krista's dry-cleaning business incurs $900 per month in fixed costs. Last month her total output was 3,000 pounds of clothes. Th
nikdorinn [45]

Answer:

increased; 3.33 cents

Explanation:

Fixed cost is cost that doesn't vary with unit produced. It remains constant

Average fixed cost = Fixed cost/ output

Average fixed cost last month = $900 / 3000 = $0.3

Average fixed cost this month = $900 / $2700 =$ 0.333

Average fixed cost this month ($0.333) is greater than Average fixed cost last month by $ 0.333 - $ 0.3 = $ 0.033 = 3.33 cents

I hope my answer helps you

3 0
3 years ago
A company manufactured 50,000 units of a product at a cost of $450,000. It sold 45,000 units at $15 each. The gross profit is
siniylev [52]

Answer:

$270,000

Explanation:

Calculation for The gross profit

Using this formula

Gross profit = Sales + Cosing stock - Purchases

Let plug in the formula

Gross profit =(45,000*15) +

(450,000/50,000)*5,000 - 450,000

Gross profit =$675,000+(9*5,000)-450,000

Gross profit =$675,000+$45,000-450,000

Gross profit = $270,000

Therefore The gross profit is $270,000

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2 years ago
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