Answer:
The correct answer is letter "B": Only two points are used to develop the cost function.
Explanation:
In cost accounting, the High-Low Method is used to separate fixed and variable costs using the minimal quantity of information possible. Implementing this approach means taking the highest level of production and the lowest level of production and compare the costs at each point. The Least Squares Method, instead, is a set of complex mathematical calculations considering a wider number of dependent variables.
Answer:
Several factors are driving Kristina’s and Andrew’s business decisions. Here are a few:
tax rates
availability of labor
distance to a major airport
access to highways
transportation infrastructure
Explanation:
Answer:
a 10
Explanation:
The formula to compute the future value is shown below
Future value = Present value × (1 + rate of interest)^number of years
where,
The Rate of interest is 10%
And, the number of years or term is 10 years
Therefore as per the given situation, the correct option is a.
hence, the same is to be considered
Any has to file a tax report
Answer:
D) $8,200 favorable
Explanation:
Hockey Accessories Corporation manufactured 21,600 duffle bags during March. The following data pertain to March:
Actual Static Budget
Production 21,600 units 22,000 units
Machine hours 1,150 hours 2,200 hours
Fixed overhead costs $ 84,200 $ 92,400
What is the amount of fixed overhead spending variance?
Hockey Accessories Corporation estimated its fixed overhead costs at $92,400, but the actual overhead costs were only $84,200. The difference between estimated and actual costs is $8,200 favorable variance (= $92,400 - $84,200) since the fixed overhead costs were lower than estimated.