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Natalka [10]
3 years ago
10

Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for

the first half of the year:
Month Number of Appointments Total Cost
January 325 5,900
February 375 6,200
March 300 5,650
April 350 5,450
May 275 5,550
June 450 6,250

Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost per Unit" answer to 2 decimal places and "Fixed Cost" answer to the nearest dollar amount.)
Business
1 answer:
Alenkinab [10]3 years ago
4 0

Answer:

C =  6.5Q + 3,762.5

Explanation:

High-low method:

We subtract the high from the low:

\left[\begin{array}{ccc}High&375&6200\\Low&275&5550\\Diference&100&650\\\end{array}\right]

The difference tell us that 100 untis generate 650 additional cost

So we can calcualte the variable cost:

cost 650 / Unis 100 = variable cost 6.5

Now on low or high we solve for fixed cost:

cost = 6.5 x 375 + fixed cost

Total Cost 6200

Variable 2437.5

Fixed Cost 3762.5

cost = 6.5 x 275 + fixed cost

Total Cost 5550

Variable 1787.5

Fixed Cost 3762.5

the formula will be:

C =  6.5Q + 3,762.5

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g Unearned revenues are classified as: Group of answer choices Assets. Liabilities. Revenues. Stockholders' equity.
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The Can Division of Sheffield Corp. manufactures and sells tin cans externally for $0.60 per can. Its unit variable costs and un
Law Incorporation [45]

Answer:

Minimum transfer price  =$ 0.57

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The Can Division of Sheffield Corp is already operating her full capacity,

This implies that it call sell all it can produce to external buyers, to remain indifferent it will have have to make the same amount of contribution from internal sales it would from external.

Therefore the minimum transfer price:

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6 0
2 years ago
Oriole Company uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
Marta_Voda [28]

Answer:

The number of units sold by the company during January 2017 is 410.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

                                Units         Per unit price         Total

Balance, 1/1/2017        340                  $6.0              $2040

Purchase, 1/15/2017    170                     ..6                  1003

Purchase, 1/28/2017    170                    ..6                  1054

The explanation of the answer is now given as follows:

Total units available for sales during January 2017 = 340 + 170 +170 = 680

Units on hand at end of the month (1/31/2017) = 270

Number of units sold by the company during January 2017 = Total units available for sales during January 2017 - Units on hand at end of the month (1/31/2017) = 680 - 270 = 410

Therefore, the number of units sold by the company during January 2017 is 410.

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