Answer:
The correct answer is d. $0.31 per client-visit; $24,766 per month.
Explanation:
The costs can be of fixed nature or a variable nature or of a mixed nature. A mixed costs contains a component of both fixed and variable costs. The high-low method is used to calculate the variable component per unit of a mixed cost. Th formula for high low method is:
Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity level - Lowest activity level)
the highest activity is in June, 13400 client visits and the highest cost is also of this activity. The lowest activity is in August, 11207 client visits and the lowest cost belongs to this activity.
Variable cost per unit = (28920 - 28235) / (13400 - 11207)
Variable cost per unit = $0.31 rounded off to two decimal places
The fixed cost = Total cost - total variable cost
Taking 13400 activity,
The fixed component is = 28920 - (0.31 * 13400) = $24766 per month
Thus, the correct answer is d.
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
Answer:
Direct material price variance= $5,000 unfavorable
Explanation:
Giving the following information:
Standard cost per unit 3 pounds at $2 per unit
Actual cost per unit 2.5 pounds at $3 per unit
During the month, 5,000 pounds of raw materials were purchased.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (2 - 3)*5,000
Direct material price variance= $5,000 unfavorable
Answer:
False
Explanation:
As the contract was formed when the offeree has deposited acceptance letter in the mailbox, hence the offeror is bond to sell the house.
Answer:
Explanation:
(a) The computation of the cost of goods sold is shown below:
= Beginning inventory + Purchase of new merchandise - ending inventory
= $4,000 + $22,000 - $4,500
= $21,500
(b) In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below: