Answer:
$17,500
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)
= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)
= $70,000 ÷ 2,800 hours
= $25
Now the fixed cost equal to
= High tutoring cost - (High service hours × Variable cost per hour)
= $125,000 - (4,300 hours × $25)
= $125,000 - $107,500
= $17,500
Answer:
nike brand add
Explanation:
the add Brings inspiration and innovation to every athlete in the world by creating groundbreaking sport innovations, by making our products more sustainably, by building a creative and diverse global team and by making a positive impact in communities where we live and work.
Cindy's reasoning illustrates: <u>sunk-cost fallacy</u>.
<u>Explanation</u>:
The term fallacy refers to failure in reasoning and mistaken belief. A sunk cost is a cost incurred in the business that cannot be recovered. The cost invested in the business and lost is referred as sunk cost.
Sunk cost fallacy gives false hope to the people about their investment plan in business and makes them take wrong decision.
In the above scenario, Cindy invested $850,000 into the business. She faced loss continuously and lost her money. But she stills thinks on investing in her business instead of selling it.
Answer:
The answer is: The overhead variance was $1,700 and it was overapplied
Explanation:
Victryl's estimated overhead cost per labor hour was:
$700,000 / 35,000 = $20 per labor hour
If during February, Victryl had 5,000 direct labor hours, then its estimated cost should have been: $20 x 5,000 = $100,000 estimated overhead cost
The actual overhead cost was $98,300, which is $1,700 less than the estimated cost.
