Answer:
Fixed costs= $2,600
Explanation:
Giving the following information:
January 6,400 $5,980
February 7,000 $6,400
March 4,000 $5,000
April 6,900 $6,330
May 9,000 $8,000
June 7,250 $6,575
<u>To calculate the fixed costs under the high-low method, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,000 - 5,000) / (9,000 - 4,000)
Variable cost per unit= $0.6 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 8,000 - (0.6*9,000)
Fixed costs= $2,600
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 5,000 - (0.6*4,000)
Fixed costs= $2,600
Answer: 60.36%
Explanation:
Interest = Amount - Principal
= 14320 - 10500
= 3820
Time = 220 days
Rate = Unknown
Interest = PRT/100
3820 = (10500 × R × 220/365)/100
3820 = (10500 × R × 0.6027397)/100
3820 = 6328.7671R/100
Cross multiply
3820 × 100 = 6328.7671R
R = 382000/6328.7671
R = 60.36%
The ordinary interest rate was 60.36%
Answer:
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