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
VladimirAG [237]
3 years ago
11

The Chambers Manufacturing Company recorded overhead costs of $14,182 at an activity level of 4,200 machine hours and $8,748 at

2,300 machine hours. The records also indicated that overhead of $9,730 was incurred at 2,600 machine hours. What is the variable cost per machine hour using the high-low method to estimate the cost equation?
a. $2,78
b. $2.86
c. $3.10
d. $3.38
e. some other answer
Business
1 answer:
notsponge [240]3 years ago
6 0

Answer:

B) $2,86

Explanation:

Using the high-low method we will use the highest activity level and the lowest activity level to determine the variable and fixed portion of the costs.

Highest activity - Cost $ 14182  Hours - 4200

Lowest activity - Cost $ (8748)   Hours - (2300)

Difference        -            $ 5434                 1900

Now we determine the variable portion. 5434/1900 = 2,86

Thus the answer is B.

You might be interested in
In order to isolate a subset of records from an open form or datasheet that will be needed only temporarily, a set of criteria m
fgiga [73]
Filter is the answer!!!
7 0
3 years ago
Financial Institutions are described as having an asset transformation function. Explain this function and describe how a bank t
anyanavicka [17]

Answer:

In simple words, Asset transformation can be understood as the process of turning small denominational, instantly available, and generally riskless deposit accounts into lenders moderately risky, high denomination assets that are returned according to a specified schedule–from obligations (deposits) with distinct traits.

4 0
2 years ago
If you are using your factors of production at 100% efficiency, you will be A. on the curve B. at the top of the curve C. at the
STALIN [3.7K]

Answer: A. On the curve.

Explanation:

Production possibilities curve (PPC) is simply a graphical representation that is used to show different combinations of two goods which a particular economy can produce when the economy uses the resources it has efficiently.

Points on the curve shows that the resources in an economy are efficiently used, points on the interior of the curve shows that the resources are used inefficiently while the points that are beyond the curve shows are referred to as unattainable.

Therefore, if you are using your factors of production at 100% efficiency, you will be on the curve.

The answer is A.

5 0
3 years ago
If your economics class were graded on a curve and everyone agrees to study only half as much, everyone would get the same grade
34kurt
STUDY!!!!!!!!!!!!!!!!!!!
6 0
3 years ago
The focus of strategic management is​ ______. A. the integration of all the functional areas of the business to achieve its orga
IceJOKER [234]

Answer:

A. the integration of all the functional areas of the business to achieve its organizational objectives

Explanation:

Strategic management is the process of  setting goals for an organisation, analyzing its competitive environment and internal environment, and  evaluating strategies that will ensure that the organisation achieve its goals. It covers all  the functional areas  such as the micro and macro environment of the business.

7 0
3 years ago
Other questions:
  • According to the spotlight on small business box titled "cutting back while cutting costs," overseas outsourcing is ____________
    15·1 answer
  • Susan suarez would like to work forty hours per week, but can only find twenty hours per week of work. in the official employmen
    15·1 answer
  • Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a
    12·1 answer
  • All of the following statements about stock indexes are true EXCEPT
    13·1 answer
  • Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open in return f
    8·1 answer
  • A __________ represents a long-term partnership between two or more companies established to help each firm build competitive ma
    10·1 answer
  • Albert works as a server for a restaurant that gives him a certain amount of autonomy. For example, if customers complain about
    9·1 answer
  • Name the six federal government financial assistance programs.
    6·2 answers
  • Kristen's current credit score does not qualify her for a conforming conventional loan, but she is eager to purchase a house. Wh
    10·1 answer
  • What values does fccla emphasize? select two options.familyphysical fitnessleadershiphealth care
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!