1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nookie1986 [14]
3 years ago
14

Mendoza Company's highest point of total cost was $80,000 in June. Their point of lowest cost was $65,000 in January. The compan

y makes a single product. Production volume in June and January were 16,000 and 8,000 units, respectively. What is the fixed cost per month
Business
1 answer:
boyakko [2]3 years ago
8 0

Answer:

The fixed costs per month are $50,000.

Explanation:

The problem can be presented as a system of 2 equations with 2 variables:

\left \{ {{80000=y + 16000*x} \atop {65000=y + 8000*x}} \right.

Where:

<em>y</em> are the fixed costs,

<em>x </em>are the variable costs per unit produced.

You can solve the system by the method you like. In this case im using the Gaussian Elimination method.

We start with the following AX = b matrix.

\left[\begin{array}{ccc}1&16000\\1&8000\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}80000\\65000\end{array}\right]

We substract the second row by the first row.

\left[\begin{array}{ccc}1&16000\\0&-8000\\\end{array}\right] = \left[\begin{array}{ccc}80000\\-15000\end{array}\right]

We divide the second row by (-8000):

\left[\begin{array}{ccc}1&16000\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}80000\\1.875\end{array}\right]

We substract the first row by 16,000 times the second:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

Multiplying this reduced matrix by the X matrix to interpret the results:

\left[\begin{array}{ccc}1&0\\0&1\\\end{array}\right] * \left[\begin{array}{ccc}y\\x\\\end{array}\right] = \left[\begin{array}{ccc}50000\\1.875\end{array}\right]

We can say that Mendoza Company's has<em> y = $50,000</em> fixed costs and each unit costs <em>x = $1.875</em> to produce. Therefore the answer to the problem is $50,000.

You might be interested in
PLEASE ANSWER ASAP!!! (proof isnt needed!)<br> also rocky u better not be a troll!
AnnZ [28]
Answer:
INCREASE
Hope I help!!!
4 0
2 years ago
according to the text, superior performance within the strategic business unit (sbu) is sought by asking which major question?
EastWind [94]

in step with the text, superior overall performance in the strategic commercial enterprise unit (SBU) is sought with the aid of asking the main question is a functional supervisor.

The definition of a superior is a person who is better in diploma, rank, numbers, etc. than others. An example of a superior is the supervisor of an enterprise. advanced comes from the Latin phrase which means above and it literally way something that is above others in best or reputation.

Superior means better or greater in value. An instance of advanced users as an adjective is an advanced manager which means a supervisor whose abilities have been evaluated as fantastic. An instance of advanced users as an adjective is a superior grade of 100% on an exam. (printing) Set above the primary line of a kind. you use superior to explain someone or something that is better than different comparable humans or matters. Your superior in an agency that you work for is a person who has a higher rank than you. They do now not have a lot communique with their superiors.

Learn more about Superior here:

brainly.com/question/26348640

#SPJ4

3 0
11 months ago
Type the correct answer in the box. Spell all words correctly.
Solnce55 [7]

Answer:

529

Explanation:

A 529 plan is a plan to encourage savings for future education expenses.  The money saved in a 529 plan is not subject to taxation as long as it will be used for education purposes.

Parents, grandparents, or guardians can open 529 savings account for a child, who will be named as the beneficiary.  The contributor of funds to the account may be eligible for a state tax deduction for contributing to a 529 plan. The gains on the accounts are exempt from tax if they are to be used on education expenses.

5 0
2 years ago
Information technology (IT) has changed:_________. a. the various forms of utility that businesses require in order to succeed.
bogdanovich [222]

Answer: c. the degree that businesses rely on each other for information and decision making.

Explanation:

Information Technology has enabled firms of all sizes and types to be able to access information that they need for themselves instead of having to rely on third-party providers that would provide data to them at a high cost.

This has enabled these businesses to rely less on other companies for decision making as well as become more efficient at it because they are able to use varied sources of information not just what they would have acquired from other companies.

6 0
3 years ago
Vertical marketing systems are best described as ______. Multiple choice question. the elimination of costly backward and forwar
USPshnik [31]

Answer:

professionally managed and centrally coordinated marketing channels.

Explanation:

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Vertical marketing systems used as a promotional and sales technique of goods and services by various business firms are best described as professionally managed and centrally coordinated marketing channels.

6 0
3 years ago
Other questions:
  • H cheng dishonored his note when presented for payment
    9·1 answer
  • Kimberly wants to learn about the latest developments in agricultural tools and equipment. She attends many trade shows and conf
    13·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    7·1 answer
  • A company purchases 12,000 pounds of materials. The materials price variance is $6,000 favorable. What is the difference between
    9·1 answer
  • "Auditors should be familiar with the terminology employed in IT processing. The following statements contain some of the termin
    14·1 answer
  • Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments
    12·1 answer
  • PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs bef
    11·1 answer
  • On March 1, Carl Caldwell started Caldwell Fumiture Repair Company. He invested $2,000
    7·1 answer
  • The important point(s) to remember while estimating the cash flows of a project Group of answer choices is that only cash flow i
    11·1 answer
  • Ryanair advertised the lowest rates in Europe with fares of $12 between Paris and Munich. However, when Bill arrived at the airp
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!