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ddd [48]
3 years ago
13

Erkkila Inc. reports that at an activity level of 6,600 machine-hours in a month, its total variable inspection cost is $423,980

and its total fixed inspection cost is $162,426. What would be the average fixed inspection cost per activity unit at an activity level of 6,900 machine-hours in a month? Assume that this level of activity is within the relevant range.
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

$23.54

Explanation:

Average fixed inspection cost per activity unit is arrived at by dividing the total amount of fixed inspection cost by the activity unit. Activity unit in this case is the total machine hour

6,600 machine-hours = $162,426 total fixed inspection cost

Since Erkkila Inc activity is within the relevant range, at 6,900 machine-hours the same fixed cost will be incurred.

Therefore:

6,900 machine-hours = $162,426 total fixed inspection cost

Average Fixed Inspection Cost Per Activity unit= $162,426/6,900 = $23.54

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When a bank has excess reserves and the bank loans those excess reserves to other banks that need to borrow to meet their reserv
omeli [17]

Answer:

Federal funds.

Explanation:

The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).

- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).

- Regulating banking activities (it has the power to supervise and regulate banks).

When a bank has excess reserves and the bank loans those excess reserves to other banks that need to borrow to meet their reserve requirements, the excess reserves that are loaned are called federal funds.

5 0
3 years ago
A reinforcement is given for the first response after a variable time interval has elapsed in a _____ schedule.
Novosadov [1.4K]
Variable interval schedule
7 0
3 years ago
Gainsharing plans differ from profit-sharing plans in that:A. gainsharing plans use organization-wide performance parameters.B.
andriy [413]

The correct answer is choice A.

Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.

4 0
3 years ago
Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Allisa [31]

Answer:

b. $103,345

Explanation:

Assets = Liabilities + Owner's Equity

Owner's Equity (Year 1) = $908,100 - $267,845

                                       = $640,255

Owner's Equity (Year 2) = $980,279 - $233,892

                                        = $746,387

increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)  

                                             = $746,387 - $640,255

                                             = $106,132

Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals

                                            = $106,132 - $28,658 + $25,871

                                            = $103,345

Therefore, the amount of net income during Year 2 is $103.345.

7 0
3 years ago
What types of information does a W-2 form contain? Check all that apply
vovangra [49]

Answer:

Normally "check all that apply" is followed by answers to check...

Explanation:

A W-2 is a Tax statement

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3 years ago
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