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riadik2000 [5.3K]
3 years ago
12

Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his main

tenance costs. Together, Mr. Felinas and you determined that the single best cost driver for maintenance costs was machine hours. Below are data from the previous fiscal year for maintenance expense and machine hours: Month Maintenance Expense Machine Hours 1 $ 3,120 2,200 2 3,310 2,300 3 3,490 2,400 4 3,620 2,430 5 3,620 2,280 6 3,680 2,440 7 3,610 2,420 8 3,420 2,390 9 3,140 2,210 10 2,880 2,080 11 2,780 1,690 12 2,940 2,070 Using the high-low method, total monthly fixed cost is calculated to be:
Business
1 answer:
a_sh-v [17]3 years ago
8 0

Answer:

The answer is: the unit variable expense is $1.20 per machine hour

Explanation:

In order to calculate the unit variable cost we first take the month with the highest and lowest maintenance expense and machine hours (Highest = month 6, Lowest = month 11). We use the following formula:

unit variable cost = (highest expense - lowest expense) / (highest machine hours - lowest machine hours)

= ($3,680 - $2,780) / (2,440 - 1,690) = $1.20 per machine hour

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Todd wants to be sure everyone gets the message about a special speaker coming to their next meeting, so he should use a lot of
Zepler [3.9K]

Answer:

True.

Explanation:

Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.

Formatting is a feature found in a lot of word processing software applications such as Microsoft Word, Notepad, etc., which is designed to avail end users the ability to apply specific formatting options such as cut, bold, italics, underline, etc., to texts based on certain defined criteria.

Basically, it is used for highlighting, emphasize, comparing or differentiating between data (information) stored in a text document.

In this scenario, Todd wants to be sure that the message about a special speaker attending their next meeting is conveyed to the members.

Therefore, he should use a lot of unique formatting such as italics or underlining in the newsletter to be sent out, so as to get their attention.

7 0
3 years ago
Government regulations that prevent two firms from merging to become a monopoly address which type of market failure?
Kitty [74]
Market power because it is the ability of a firm to set on price of goods ( when both firms merges to have power over market
4 0
2 years ago
Which commander's risk management responsibility attempts to minimize human error?
jolli1 [7]
The answer is <span>Ensure performance.
</span><span>Ensure performance is the responsibility to make sure that all members of your organizations do their parts collectively in order to achieve company's goals.
This could be done through various performance evaluation such as minimizing human error by obligating your employee to follow a certain system/guideline.</span>
4 0
3 years ago
Is this bond currently trading at a​ discount, at​ par, or at a​ premium? Explain. ​(Select the best choice​ below.) A. Because
Dmitrij [34]

A. Because the yield to maturity is less than the coupon​ rate, the bond is trading at a discount. FALSE

<u>Explanation:</u> If the yield to maturity (YTM) is less than the Coupon rate (CR) the bond is trading at a premium

B. Because the yield to maturity is greater than the coupon​ rate, the bond is trading at par. FALSE

<u>Explanation:</u> If the yield to maturity (YTM) is greater than the Coupon rate (CR) the bond is trading at a discount.

C. Because the yield to maturity is less than the coupon​ rate, the bond is trading at a premium. TRUE

D. Because the yield to maturity is greater than the coupon​ rate, the bond is trading at a premium. TRUE

7 0
3 years ago
Apollo Corp. reported the following balance​ sheet: Cash ​$28,000 ​ Accounts payable ​$5,000 Accounts receivable ​15,000 ​ Notes
avanturin [10]

Answer:

Apollo's return on equity is 38.17%

Explanation:

The formula to compute the return on equity is shown below:

Return on equity = Net income ÷ total equity

where,

Net income = $50,000

And, the total equity is

= Common stock + retained earnings

= $10,000 + $121,000

= $131,000

Now put these values to the above formula  

So, the value would equal to

= $50,000 ÷ $131,000

= 38.17%

3 0
3 years ago
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