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MatroZZZ [7]
2 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]2 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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The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal y
Nikitich [7]

Answer:

Explanation:

Rordan Corporation

Direct Labor Budget

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Year

Required production in units:

1st Quarter = 8, 000

2nd Quarter = 6, 500

3rd Quarter = 7, 000

4th Quarter = 7, 500

Year = 29, 000

Direct labor time per unit (hours):

1st Quarter = 0.35

2nd Quarter = 0.35

3rd Quarter = 0.35

4th Quarter = 0.35

Total direct labor hours needed:

1st Quarter = 2, 800

2nd Quarter = 2, 275

3rd Quarter = 2, 450

4th Quarter = 2, 625

Year = 10, 150

Direct labor cost per unit:

1st Quarter = $12

2nd Quarter = $12

3rd Quarter = $12

4th Quarter = $12

Total direct labor cost:

1st Quarter = $12 x 2, 800 = $33, 600

2nd Quarter = $12 x 2, 275 = $27, 300

3rd Quarter = $12 x 2, 450 = $29, 400

4th Quarter = $12 x 2, 625 = $31, 500

Year = Q1 + Q2 + Q3 + Q4 = $121, 800

8 0
3 years ago
Read 2 more answers
In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor
Morgarella [4.7K]
<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>


CFO; CEO</span>
3 0
2 years ago
Beatrice invests $1,410 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year per
mixas84 [53]

Answer:

$7.77

Explanation:

The answer would be the difference between compound and simple interest

Simple interest = principal x time x interest

$1,410 x 0.03 x 4 = $169.20

Compound interest = future value - present value

future value = Principal ( 1 + interest)^n

$1,410 ( 1.03)^4 = $1586.96

$1586.96 -$1,410 = $176.97

Difference = $176.97 - $169.20 = $7.77

4 0
2 years ago
Shaan and Anita currently insure their cars with separate companies, paying $790 and $645 a year. If they insure both cars with
iren2701 [21]

Answer:

The future value of annual savings is $1,370.30

Explanation:

The amount of annual savings =(Shaan's premium +Anita's premium)*10%

Shann's premium is $790

Anita's premium  is $645

Annual savings =($790+$645)*10%

                          =$143.5

The future value formula is given below:

=-fv(rate,nper,pmt,-pv)

rate is 5% annual interest rate

nper is the 8 years that is the duration of investment

pmt is the annual savings of $143.5

pv is the total amount invested now which is zero

=-fv(5%,8,143.5,0)

fv=$ 1,370.30

8 0
2 years ago
Your colleagues at work are constantly talking about the vice-president in your region. He is perceived throughout the organizat
sergij07 [2.7K]

Answer:

The correct answer is B) coercive.

Explanation:

A coercive boss is a rigid and inflexible leader. When this style is used, the leader chooses to give many direct orders without offering his subordinates the opportunity to express their ideas and opinions.

This leader not only does not opt for the reward system but also focuses on criticizing and punishing the failures generated by disobedience. Therefore, the motivation of the team suffers greatly from the inability of employees to perceive that thanks to their work, business objectives are being achieved.

It is usually the least effective management style but ... it may be recommended in crisis situations when it is necessary to show authority and employees need clear and direct orders.

5 0
3 years ago
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