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gizmo_the_mogwai [7]
3 years ago
11

Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method

. The cost driver is number of labor hours. Wallace determines that the high and low costs are $27,049 and $19,772, respectively, and the values for the cost driver are 4,168 and 2,672 hours, respectively. What is the variable cost per hour?
Business
1 answer:
Anna11 [10]3 years ago
5 0

Answer:

Variable Cost per hour is $4.86

Explanation:

given data

Highest Cost = $27,049

Lowest Cost = $19,772

Highest Cost Driver = 4,168  hours

Lowest Cost Driver =  2,672  hours

solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver)   ......................1

put here value and we get

Variable Cost per hour = \frac{27049-19772}{4168-2672}    

Variable Cost per hour = \frac{7277}{1496}    

Variable Cost per hour = 4.86

so Variable Cost per hour is $4.86

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Blue Spruce, Inc. is considering purchasing equipment costing $72000 with a 6-year useful life. The equipment will provide annua
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The approximate internal rate of return for this investment is $0.054.

<h3><u>What is rate of return?</u></h3>
  • The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
  • You determine the percentage change from the start of the period to the end when computing the rate of return.
  • Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR).

Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future. The attractiveness of various investments can be determined, in part, by comparing their historical rates of return to those of comparable assets.

We have, (Net Annual cash inflow x PV of an Annuity of 1 at 10%) - Initial Investment = Net present value (find closest to zero))

($17,514 x 4.111) = $72000.054 - $72,000 = $0.054 (closest to zero).

Know more about rate of return with the help of the given link:

brainly.com/question/24232401

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6 0
1 year ago
What type of good is often provided by the government because it is hard to get people to voluntarily contribute their fair shar
gayaneshka [121]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (D) because public goods are given by the government and It can be used by everyone at a time and without any cost.

While the other options are incorrect because of the following reasons:

  • Private goods are not given by the government.
  • Club goods can be given by the government but at a cost.
  • Common resource goods are of government and can not be used by everyone.
  • Government goods can be used by the government only.
5 0
3 years ago
Generally when do glaciers advance downward, causing further erosional landforms? throughout the entire year during colder seaso
melamori03 [73]
<span>Generally, it is during the colder seasons that glaciers tend to advance downward, causing further erosional landforms.  Items below are facts regarding Glaciers according from the <span>National Oceanic and Atmospheric Administration (NOAA) who studies the skies and the oceans: </span></span>

<span>1. </span><span>Approximately 10 percent of Earth's land is covered with glaciers. </span>

<span>2. </span>Glaciers covered 32 percent of land during the last Ice Age.

<span>3. </span>Glaciers store about 75 percent of the world's fresh water.

<span>4. </span>Antarctic ice is more than 2.6 miles approximately 4,200 meters thick in some areas.

<span>5. </span>If all land ice melted, sea level would rise approximately 230 feet (70 meters) worldwide.





4 0
3 years ago
When GaGa began adding novelty bars in new flavors, what was the effect on the width and depth of its product mix?
Yanka [14]

Answer:

It increased the depth of their product mix.

The depth of the product mix is basically how many different types of variations of the same product are offered, e.g. Coke, Diet Coke, Coke Zero, etc. Increasing product depth involves new flavors, different package sizes or other specific characteristics regarding the product.

Product width refers to the different types of products offered by the company, e.g. Toyota offers sedans, trucks, SUVs, minivans. In this case, product width is not affected.

6 0
3 years ago
Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f
vredina [299]

Answer: Other Engineers

Explanation:

Richard can be sued by motorist in the event of the collapse of the road which he supervised construction, and the case would be considered with the already established engineering standards. The engineer standard directs that during construction or fabrication in engineering, the engineer should give little or no allowance for failure, because failure can lead to serious injuries or loss of life.

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4 years ago
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