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Schach [20]
3 years ago
7

Cooke Corporation reports that at an activity level of 7,000 units, the total variable cost is $590,730, and the total fixed cos

t is $372,750. What would be the total cost, both fixed and variable, at an activity level of 7,100 units? Assume that this level of activity is within the relevant range.
Business
1 answer:
Hoochie [10]3 years ago
8 0

Answer:

$971,919

Explanation:

Given:

For activity level = 7,000 units

Total variable cost = $590,730

Total fixed cost = $372,750

Now,

Variable cost per unit = \frac{\textup{Total variable cost }}{\textup{Activity level}}

or

Variable cost per unit = \frac{\textup{590,730}}{\textup{7,000}}

or

Variable cost per unit = $84.39

The fixed cost remains the same irrespective of the number of units produced

Therefore,

The total cost for activity level of 7,100 unit

= Total variable cost for 7,100 units + Total fixed cost

= Variable cost per unit  × Number of units + Total fixed cost

= ( $84.39 × 7,100 ) + $372,750

= $599,169 + $372,750

= $971,919

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Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:

A) ​Malcolm would have revised his work many times before he was satisfied with it.

Explanation:

  • The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
  • The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
  • The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
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4 0
3 years ago
Which economic tool would most likely be used as part of a contractionary
Inessa05 [86]

Answer:

O B. Raising interest on reserves

Explanation:

The Federal Reserve expects banks to keep a percentage of customer deposits as reserves. The reserves cater to both the normal and unexpected withdrawals. The Federal Reserve (Fed) also uses reserve requirements as a monetary policy tool.

Interest on reserves is one of the monetary policy tools that the Fed uses regularly. The Fed pays interest on any excess reserves held by the banks. Increasing the interest paid on reserves encourages banks to hold more money.  Decreases the interest prompts the banks to lend out more. Contractionary monetary policies are measures aimed at decreasing the money supply in the economy. Increasing interest on reserves increases money held in the banking sectors, thereby slowing down money circulation.

5 0
3 years ago
The operating cycle of a company is the average time that is required to go from cash to.
gayaneshka [121]

A company's operating cycle refers to the average time that is required to go from cash to: cash in producing revenues.

<h3>What is an operating cycle?</h3>

An operating cycle can be defined as the average time that it takes a company or business organization to buy goods, sell these goods and generate revenue (cash) from the sales of the goods.

This ultimately implies that, an operating cycle is simply the average time that is required to go from cash to cash in producing revenues, especially from the sales of the goods.

Read more on here: brainly.com/question/16945776

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2 years ago
Women scoring in the highest 25 percent on the scottish national intelligence test at age 11 tended to ________ than those who s
pshichka [43]
Hey there,
The answer is live longer

Hope this helps :))

~Top
6 0
3 years ago
Direct costs typically include the cost of direct labor as well as other direct costs for items such as material, travel, subcon
borishaifa [10]

Answer:

True

Explanation:

The direct cost is that cost which is directly related to the manufacturing process of the product or the production process of the product

The example of the direct cost involves direct material cost, direct labor cost, supplies cost of manufacturing, travel, subcontracts, computer time, etc

Hence, the given statement is true.

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