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MatroZZZ [7]
3 years ago
6

The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of ma

intenance costs. Month Total Maintenance Costs Total Machine Hours January $2,880 330 February 3,180 380 March 3,780 530 April 4,680 660 May 3,380 530 June 5,520 730 (a1) Determine the variable cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $enter the variable cost per machine hour in dollars rounded to 2 decimal places
Business
1 answer:
Anna [14]3 years ago
4 0

Answer:

Variable cost per unit= $6.6 per unit

Explanation:

Giving the following information:

January: $2,880 330

February: $3,180 380

March: $3,780 530

April: $4,680 660

May: $3,380 530

June: $5,520 730

To calculate the unitary variable cost, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,520 - 2,880) / (730 - 330)= $6.6 per unit

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At the beginning of 2018, England Dresses has an inventory of $140,000. However, management wants to reduce the amount of invent
Bad White [126]

Answer:

purchases = 160000

Explanation:

given data

beginning inventory = $140,000

amount of inventory on hand = $80,000

net sales = $400,000

gross profit rate = 40%

solution

we first Computation of cost of goods sold  hat is

Gross profit rate = \frac{gross profit}{net sales} × 100

= \frac{gross profit}{400000} = = \frac{40}{100}

= 100 Gross profit = 16000000

so

Gross profit = 160000

and

Cost of goods sold is = sales - gross profit

so

Cost of goods sold = 400000 - 160000

Cost of goods sold = 240000

and

Cost of goods sold = opening inventory + purchases - closing inventory  

so put here value

240000 = 140000 + purchases - 60000

so purchases = 160000

7 0
3 years ago
The monthly demand q for a monopolist firm's product in a certain market (measured in 1000s of units) is related to the price pe
Gnesinka [82]

Answer: (b) -3.08

Explanation:

The relationship between the demand(q), price per unit product(p) and the disposable income,yd is given by the expression below;

q= 20ln(7yd-2p).

From the expression above, the marginal demand,

∂ q/∂ p is the differential of the equation of relationship between the demand, price and disposable income.

This involves considering the demand,q as the dependent variable and the price per unit product,p as the independent variable and the disposable income,yd is considered constant.

Therefore ,

∂ q/∂ p= (-40)÷(7yd-2p)

By substitution of

yd =$3000÷1000= $3

and p= $4

∂ q/∂ p= (-40)÷((7×$3)-(2×$4))

∂ q/∂ p= -40÷13= 3.08

Please see the attachment for knowledge on how ∂ q/∂ p was obtained.

7 0
3 years ago
Describe how human desires would be met with no scarcity.
leva [86]

Answer:

Human needs are the impulse that individuals have to access certain goods or things. Scarcity, in turn, is the lack of goods or things to meet the needs of all humans in general.

Therefore, all human needs could be covered without major problems if the phenomenon of scarcity did not exist, that is, if there were more goods available than those demanded by society.

7 0
3 years ago
Management in Life Annabelle and Bettina share a dorm room. They like each other, but they disagree about how often to clean. Ev
Ganezh [65]

Answer:

A). Annabelle and Bettina will learn from each other .

B). The roommates will come up with a creative solution."

Explanation:

Anabelle and Bettina are involved in a 'cognitive' conflict as it occurs when they both experience a mental as well as emotional discomfort when they are confronted with the information that challenges their existing ideas or beliefs. The most likely outcomes of this situation would be that they <u>'both would learn from each other' by accepting each other's point of view and adapting with the new information that would help them 'reach a creative solution' to resolve their conflict over the cleaning of their room</u>. Therefore, <u>options A and B</u> are the correct answers.

8 0
3 years ago
Exchange corp. is a company that acts as a facilitator in tax-favored real estate swaps. such swaps, know as 1031 exchanges, per
Vikki [24]

Answer:

1) No, the report prepared by the bookkeeper is not useful as a performance report is prepared in <em>per unit</em> <em>basis</em> not on <em>Total basis.</em>

<em />

See performance report attached.

3 0
3 years ago
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