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nata0808 [166]
3 years ago
6

Runaround Corporation sells running shoes and during January they ran production machines for 23,000 hours total and incurred $

10,500 in maintenance costs. During July they ran production machines for 14,000 hours total and incurred $ 8,600 in maintenance costs. Based on this​ data, what is the variable maintenance cost per machine​ hour?
Business
1 answer:
viva [34]3 years ago
3 0

Answer:

The answer is: The variable maintenance cost is $0.21 per machine hour

Explanation:

To find the variable maintenance cost per machine hour we must divide the total amount spent in maintenance costs by the total amount of production hours.

Since both production hours and maintenance cost vary so much, we must high-low method:

variable maintenance cost = (highest maintenance cost - lowest maintenance cost) / (highest machine hours - lowest machine hours)  =

= ($10,500 - $8,600) / (23,000 - 14,000) = $0.21 per machine hour

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<span>You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.
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3 years ago
In one to two sentences, name some values, interests, skills, or personality traits that could play a role in your career decisi
Angelina_Jolie [31]

Your will, determination, your passion for doing a particular thing should decide the career you should opt for.

<u>Explanation:</u>

While picking a vocation it is indispensable to have a decent understanding on what your qualities, interests, abilities and character characteristics are. To know altogether what are the things that you appreciate doing, what are the things that you are acceptable at and what you esteem most in your life will present to you a bit nearer into the correct vocation way.

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5 0
3 years ago
Read 2 more answers
Outsourcing (Make-or-Buy) Decision
ivann1987 [24]

Answer:

If the company makes the units, it will save $7,000 per period.

Explanation:

Giving the following information:

Make in-house:

Number of units= 16,000

Variable cost per unit= $22

<u>Avoidable fixed cost per unit= $3</u>

Buy:

Number of units= 16,000

Buying price= $27

Rent= $25,000

<u>First, we will determine the total cost of each option:</u>

Make:

Total cost= 16,000*(22 + 3)= $400,000

Buy:

Total cost= 16,000*27 - 25,000= $407,000

If the company makes the units, it will save $7,000 per period.

7 0
3 years ago
In 2008, the NBC television network used advertising, personal selling, public relations, and sales promotion to communicate wit
IrinaK [193]

Answer: (B) Promotional strategy

Explanation:

 The promotional strategy is one of the type of marketing strategy in which the various types of products and the services are get promoted  by the various types of techniques such as public relation, advertising, sales promotion and the social media.

The promotional strategy provides various types of benefits as it increase the productivity of the products and the services in the market.

There are usually four types of promotional strategy that are:

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Therefore, Option (B) is correct.

5 0
2 years ago
Cost of transporting raw materials in the manufacture of steel is unimportant in considerations of where to locate a steel mill.
V125BC [204]

Answer:

The correct answer is False.

Explanation:

The manufacture of iron and steel involves a series of complex processes, whereby iron ore is extracted to produce steel products, using coke and limestone. The conversion processes follow the following steps:

(a) coal coke production, and by-product recovery,

(b) mineral preparation (eg, synthesize and form pellets),

(c) iron production,

(d) steel production, and

(e) casting, laminating and finishing.

You can perform these steps in a single installation, or in several completely separate locations. In many developing countries, scrap steel is manufactured in an electric arc furnace. Therefore, steps (a) through (c) may not always be applicable to all steelmaking projects. An alternative way to produce steel is that of direct reduction, using natural gas and hydrogen. The product of this process, spongy iron, becomes a steel arc furnace; then the ingots melt, and for this the non-flat products are produced with one or two laminators. They are called "mini factories".

4 0
3 years ago
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