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
Neporo4naja [7]
3 years ago
5

Handy Hiking produces backpacks. In the previous year, its highest and lowest production levels occurred in July and January, re

spectively. In July, it produced 4,000 backpacks at a total cost of $110,000. In January, it produced 2,500 backpacks at a total cost of $87,500. Using the high/low method, the average variable cost per of producing a backpack was:
Business
1 answer:
KonstantinChe [14]3 years ago
6 0

Answer:

$15 per backpack

Explanation:

The  average variable cost per of producing a backpack by using the high low method is shown below:

Variable cost per backpack = (High total cost - low total cost) ÷ (High backpack produced - low backpack produced )

= ($110,000- $87,500) ÷ (4,000 backpack produced   - 2,500 backpack produced  )

= $22,500 ÷ 1,500 backpack produced  

= $15 per backpack

You might be interested in
Money is
Contact [7]

Answer:

a)

Explanation:

money is a valuable because it is backed by gold

8 0
3 years ago
What arethe involvement factors likely to be associated with buying a new computer?
Studentka2010 [4]

The involvement factors would be the price of the computer, the style, the model, and the things you could do with the computer.

8 0
3 years ago
A new business owner would want to know the competition’s strengths for all the following reasons EXCEPT
Rudiy27

Answer:

Option D

To me, I think option D is the most preferred answer

6 0
2 years ago
Loretta went to a store to buy thermal underwear. The underwear had been featured in an advertisement for $24.99 a pair. She was
sweet [91]

Answer:

are there no answer choses maybe stress problem solving

Explanation:

3 0
3 years ago
Total asset turnover is computed as: multiple choice Average sales divided by average total assets Net sales multiplied by avera
Korolek [52]

Overall asset turnover is computed as internet sales divided via common total assets.

Asset turnover is the ratio of overall sales or revenue to average property. This metric facilitates buyers to apprehend how efficaciously groups are using their assets to generate income. traders use the asset turnover ratio to examine similar corporations inside an equal area or organization.

A higher ratio is favorable because it suggests a more green use of belongings. Conversely, a decreased ratio suggests the organization isn't using its belongings as effectively. This is probably because of extra production capability, terrible series strategies, or bad stock control.

The asset turnover ratio is the ratio between the cost of a business enterprise's sales or revenues and the fee of its property. it's far an indicator of the efficiency with which an employer is deploying its assets to provide sales. as a consequence, the asset turnover ratio can be a determinant of an organization's performance.

Learn more about asset turnover here: brainly.com/question/15413308

#SPJ4

6 0
1 year ago
Other questions:
  • Economists argue that:_______.
    13·1 answer
  • You are depositing $4,500 today at an annual interest rate of 7.2 percent. How much additional interest will you earn if you lea
    11·1 answer
  • Which statement is false? A A large country never gains from imposing an export subsidy. B A small country never gains from impo
    6·1 answer
  • Lynette received her bank statement for the month and she is now comparing it with the transactions that she logged in her check
    6·1 answer
  • When a firm initiates a price​ decrease, it must seriously consider how competitors will react. although not all competitors are
    5·1 answer
  • Work Survival skills include?
    11·1 answer
  • On January 2, 2021, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estima
    12·1 answer
  • Dont write down but what does ENOLA spell backwards thank me if you got it right
    8·2 answers
  • Question 18 of 20
    9·1 answer
  • What is the best hot water system to buy in Canberra?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!