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iragen [17]
3 years ago
7

Corio Corporation reports that at an activity level of 3,100 units, its total variable cost is $155,620 and its total fixed cost

is $68,000.
Required:
For the activity level of 3,200 units, compute:_____.
(a) the total variable cost; (b) the total fixed cost; (c) the total cost; (d) the average variable cost per unit; (e) the average fixed cost per unit; and (f) the average total cost per unit. Assume that this activity level is within the relevant range. (Round your "Average cost" to 2 decimal places and other answers to the nearest dollar amount.)
(a) Total variable cost $
(b) Total fixed cost $
(c) Total cost $
(d) Average variable cost $ per unit
(e) Average fixed cost $ per unit
(f) Average total cost $ per unit
Business
1 answer:
Alborosie3 years ago
8 0

Answer and Explanation:

The computation is shown below:-

a. Total variable cost

= Number of units × (Variable cost ÷ Number of units)

= 3,200 × ($155,620 ÷ 3,100)

= $160,640

b. Total fixed cost

= $68,000

c. Total cost

= Total variable cost + Total fixed cost

= $160,640 + $68,000

= $228,640

d. Average variable cost per unit

= Variable cost ÷ Number of units

= $155,620 ÷ 3,100

= $50.20

e. Average fixed per unit

= Fixed cost ÷ Number of units

= $68,000 ÷ 3,100

= $21.93

f. Average total cost per unit

= Average variable cost per unit + Average fixed per unit

= $50.20 + $21.93

= $72.13

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6 0
3 years ago
With only two goods, if the income effect is in the same direction as the substitution effect then the good is ____.
Leya [2.2K]

Answer:

Normal good

Explanation:

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Substitution effect is when quantity demanded falls as a result of rise in price of a good which leads consumers to purchase cheaper alternatives.

A normal good is a good whose demand increases as income increases.

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7 0
3 years ago
Using the following balance sheet and income statement data, what is the debt to assets ratio?
GaryK [48]

Answer:

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Explanation:

Debt to Asset Ratio = Total Debt / Total Assets

Debt to Asset Ratio = Total Liabilities  / Total Assets

Debt to Asset Ratio = 43,300 / 130,000

Debt to Asset Ratio = 0.3331 = 33.31%

d.Total liabilities 43300 Total assets 130000 is used to calculate Debt to total asset ratio.

* I am not sure that in the question given the a, b,c,d and e

1. are the option to choose

or

2. this is all the data to calculate debt to total asset equity.

In cash Condition 1.

Answer is " d.Total liabilities 43300 Total assets 130000 "

In cash Condition 2.

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8 0
3 years ago
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ohaa [14]

Answer:

$79,208.48

Explanation:

The computation of the current price of the bond is shown below:-

<u>Number of    Cash flow    PV annuity factor    Discounted cash </u>

<u>years                                                                        flow</u>

1 -10  years     $1,000                 8.3166                      $8,316.6

10 years        $100,000            0.7089188                $70,891.88

Current price of the bond                                        $79,208.48

Refer to the PV annuity factor so that we get to know the discounting factor value.

6 0
3 years ago
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