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trasher [3.6K]
4 years ago
7

The manufacturing costs of Mocha Industries for three months of the year are as follows: Total Cost Production April $63,100 1,1

00 units May 80,920 1,800 June 100,900 2,600 a. Using the high-low method, determine the variable cost per unit. Round your answer to two decimal places. $ per unit b. Using the high-low method, determine the total fixed costs. $
Business
1 answer:
shusha [124]4 years ago
5 0

Answer:

The variable cost per unit is $25.20

Total Fixed Cost is $35380

Explanation:

a.

The high-low method is used to separate mixed cost and give the variable component per unit in the mixed cost.

We take the highest and lowest cost and related activity level.

The Variable cost per unit = (100900 - 63100) / (2600 - 1100)

VC per unit = $25.20

b.

The total fixed cost is,

Total Cost at 1100 units = 63100

Variable cost at 1100 units = 25.20 * 1100 = 27720

Total fixed cost = 63100 - 27720 = $35380

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Buyer persona is a fictional, generalized representation of the ideal customers of your business.
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7 0
3 years ago
Let’s suppose you would like to buy a home for $250,000. But like most U.S. citizens, you don’t have enough cash on hand to pay
noname [10]

Answer:

1. Calculate the monthly payment for a 30-year mortgage loan.

we can do this by using the present value of an annuity formula

the loan's interest rate is missing, so I looked for a similar question and found that it is 6%

present value = monthly payment x annuity factor

monthly payment = present value / annuity factor

  • present value = $200,000 (loan's principal)
  • PV annuity factor, 0.5%, 360 periods = 166.79161

monthly payment = $200,000 / 166.79161 = $1,199.101082 ≈ <u>$1,199.10</u>

2. Calculate the amount of interest that you’d pay for a 30-year mortgage loan.

total interests paid during the 30 years = (monthly payment x 360) - principal = ($1,199.10 x 360) - $200,000 = <u>$231,676</u>

8 0
3 years ago
Romona Company expects its November sales to be 20​% higher than its October sales of $ 240 comma 000. All sales are on credit a
kotykmax [81]

Answer:

The cash balance on November 30 amounts to $155,700

Explanation:

Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases

where

Beginning balance is $13,700

Collection of cash from October sales =  October Sales × % amount collected

                                                                = $240,000 × 70%

                                                                = $168,000

Collection of cash from November sales =  November Sales × % amount collected

                                                                = $240,000 × 1.20 × 25%

                                                                = $72,000

Payments for October Purchases = October Purchases × % amount paid

                                                        = $70,000 × 65%

                                                        = $45,500

Payments for November Purchases = November Purchases × % amount paid

                                                        = $150,000 × 35%

                                                        = $52,500

Putting the values in the above formula

Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500

= $155,700

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3 years ago
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Answer:

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