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NikAS [45]
3 years ago
11

Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's

variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,140 14,747 April 2,662 9,893 May 2,877 12,352 June 3,565 18,240
Business
1 answer:
andre [41]3 years ago
5 0

Answer:

The correct answer is $0.11.

Explanation:

According to the scenario, the computation for the given data are as follows:

According to the high-low method, we first check for the high point and low point of the cost

So,                

High point =     cost 3,565     machine hours 18,240

Low point =       cost  2,662    machine hours  9,893

So, we can calculate variable utilities cost per machine hour by using following method

Variable utilities cost per machine hour = Difference in cost ÷ Difference in machine hours

= ( 3,565 - 2,662) ÷ ( 18,240 - 9,893)

= 903 ÷ 8347

= $0.11

Hence, the variable utilities cost per machine hour is $0.11.

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Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage su
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Answer:

The total non controlling interest after the additional shares are issued is equal to $252,000.

Explanation:

Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -

Total number of shares = 25,000 ( 20,0000 + 5000 )

Total equity value          = $700,000

Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =

       TOTAL EQUITY / NUMBER OF SHARES

         $700,000 / 25,000

=        $28

NON CONTROLLING INTEREST = Minority shares x Price per shares

                                                      = 9000 x $28

                                                      = $252,000

8 0
3 years ago
What is the maximum amount that OSHA can impose as as penalty on an employer for each willful violation
mixas84 [53]
For each willful violation $129,336 per violation
8 0
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The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. . T
Anuta_ua [19.1K]

Answer:

$2,250,000

Explanation:

Preparation for the lower portion of the 2021 income statement

CALIFORNIA MICROTECH CORPORATION

Partial Income Statement

For the Year Ended December 31, 2021

Income from continuing operations before income taxes 7,800,000

Less Income tax expense 1,950,000

(25%*7,800,000)

Income from continuing operations 5,850,000

Discontinued operations:

Loss from operations of discontinued component (4,800,000)

Income tax benefit, 1,200,000

(25%*4,800,000)

Loss on discontinued operations (3,600,000)

Net income (5,850,000 - 3,600,000) $2,250,000

Therefore the Net income will be $2,250,000

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An expectant mother has arranged for her massage therapist to provide gentle hand, arm, and neck massage for the client while sh
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Answer:

c) Increasing use of alternative treatment modalities

Explanation:

According to my research on studies conducted by various medical professionals, I can say that based on the information provided within the question this is an example of Increasing use of alternative treatment modalities. Many expecting mothers today are making certain arrangements like the one described as it puts them in a more relaxed state and relieves stress which in turn is good for the baby.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
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Which type of tax provides income for retired and disabled people and their families?
Tju [1.3M]
A. Social security tax
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