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zepelin [54]
3 years ago
13

Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the

leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April $15,000 800 May 10,000 600 June 12,000 770 July 16,000 1,000 Using the high-low method, calculate the fixed cost of leasing. (A) $1,500 (B) $2,500 (C) $1,000 (D) $2,000
Business
1 answer:
Ber [7]3 years ago
6 0

Answer:

$1,000

Explanation:

We know that

Total cost = Fixed cost + Variable cost

From the data given, we can calculate the variable cost using the high-low technique.

Variable cost per unit

=\frac{Total cost at highest level-Total cost at lowest level }{Highest level - Lowest level} \\\\=\frac{16,000-10,000}{1,000-600 } \\

=$15

Lease cost = FC + $15(Machine hours)

Lease cost -$15(Machine hours) = FC

Case,

i) 800 machine hours,

FC = Lease cost - $15(Machine hours)

     = $16,000 -$15(1000) = $1,000

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Larue buys an ipod for $150 and a new laptop for $1,200, and signs a one-year employment contract for a $4,800 monthly salary to
docker41 [41]

As an employee, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

<h3>What is a statute of fraud?</h3>

This statute is a concept that maintains that some types of contracts need to be executed in writing.

This statutse are used for contracts for the sale of land, agreements involving higher worth of goods, contracts lasting one year etc

In conclusion, in this case, Larue will be covered by the statute of frauds for the employment contract and the laptop purchase only.

Read more about statute of fraud

<em>brainly.com/question/14854791</em>

5 0
2 years ago
A price imposed by the government below an equilibrium price is called a ____
ehidna [41]

Answer:

Price ceiling

Explanation:

When the government imposed a price ceiling in a market of goods which means that price set by the government lies below the equilibrium price of an economy. Price ceiling results in a higher demand for the goods because people wants to buy more quantity of goods at a lower price. But supplier of the goods wants to reduce supply as it will become less profitable for the producers to sell the product at a lower price.

6 0
3 years ago
One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the
wlad13 [49]

Answer: a. percentage change analysis.

B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.

D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors

Explanation:

1. The analysis which has to do with the calculation of the growth rates of all items from balance sheet and the income statement which is relative to a base year is referred to as the percentage change analysis.

2. The statements that can be included in the analysis report from the question include:

• Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38

• A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.

4 0
3 years ago
Ken, a real estate agent, assures Lily that a certain parcel of commercial property fronts on the most highly trafficked street
crimeas [40]

Options :

a. ​mistake.

b. ​opinion.

c. ​an adhesion contract.

d. ​fraud.

Answer: Fraud

Explanation: From the scenario described above, it could be inferred that Ken, the real estate agent used trickery to lure Lily into purchasing the property. Hence, Lily could be said to have been defrauded by Ken who used what Lily needed to trick her into making the purchase because the main specification, that is high traffic, which Ken used to lure Lily was actually false. Fraud remains a grave offence as it could only be carried out by lying, issuing false statement, blackmail, impersonation and other grave offences.

5 0
3 years ago
At the Wedge Natural Co-op in Minneapolis, employees talked about how the long-time general manager had fired almost the entire
algol13

Answer:

story

Explanation:

Based on the inforamation provided describing the scenario it can be said that the underlined missing word is "story". That refers to the entire event that the employee was explaining, which that individual employee experienced first hand. He seems to have explained this story to show how the food co-op was evolving into a more customer service focused company that valued a very specific work ethic.

7 0
3 years ago
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