1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexgriva [62]
3 years ago
12

The following data pertains to activity and the cost of maintenance for two recent months: Month 1 Month 2 Production Volume 200

0 units 2500 units Maintenance Cost $900 $1,100 Based on the Hi-Low Method, the best estimate of the monthly fixed cost for maintenance is:
Business
1 answer:
Flauer [41]3 years ago
5 0

Answer:

Fixed cost= $100

Explanation:

The high low method considers the level of highest activity and lowest activity, and compares cost at each of these levels.

It is a useful way of calculating variable cost and fixed cost.

The variable cost= (High activity cost - Low activity cost)/ (High activity units- Low activity units)

Variable cost= (1,100-900)/ (2,500-2,000)

Variable cost = 200/500= $0.4

Fixed cost= High activity cost- (variable cost* High activity units)

Fixed cost= 1,100- (0.4* 2,500)

Fixed cost= 1,100- 1,000

Fixed cost= $100

You might be interested in
A court order to compel or restrain a particular action is called
expeople1 [14]
I am pretty sure that correct definition looks like this: A court order to compel or restrain a particular action is called writ of injunction. For example, you have a lawn, and someone deliberately spoils it every day. You can apply to the court for the injunction against this person to deny the access to your lawn for this person.
4 0
3 years ago
Read 2 more answers
What is the main commodity on the JEB - property/ shares/ gold/ oil ?
lyudmila [28]
<span>Gold is the main commodity on the JEB. Right now gold is trading around the $1250 level.</span>
6 0
3 years ago
Why would businesses supply more product at higher prices?
kykrilka [37]
I would think C. because A. would be cheaper prices, and B. is false, D. just does not sound right.
6 0
3 years ago
Read 2 more answers
Ultimate Sportswear has $100,000 of 8 noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has
andrew-mc [135]

Answer:

Preferred dividend = $8,000

Common stock dividend = $22,000

Explanation:

The computation of dividend is shown below:-

Preferred dividend = Total shares × Total shares of Noncumulative, nonparticipating, preferred stock outstanding

= $100,000 × 0.08

= $8,000

Common stock dividend = Cash dividend - Preferred dividend

= $30,000 - 8,000

= $22,000

Therefore the Preferred dividend is $8,000 and Common stock dividend is $22,000

7 0
4 years ago
Polar bears in captivity exhibit obsessive patterns of behavior such as pacing back and forth on the same spot, swinging their h
kherson [118]

Answer:

c. Stressed polar bears exhibit obsessive patterns of behavior.

Explanation:

  • If a polar bear is bred in captivity they show an obsessive pattern of behavior.
  • Such as the passing of the back and forths on the same spot and swimming on their heads from side to side.
  • And also use their paws to repeatedly strike their heads as a sign of stress. This shows that they don't do well in captivity.
5 0
3 years ago
Other questions:
  • You have a subordinate who performs best when he does things because he agrees with your ideas. What type of power should you us
    13·1 answer
  • Mike Tyson earned about $200 million over his 15-year boxing career, but by 2003 he was in financial trouble. This is an example
    7·1 answer
  • Erp is software designed for _____ and ______ business processes.
    7·1 answer
  • Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the ba
    12·2 answers
  • Wallace Container Company issued $100 par value preferred stock 10 years ago. The stock provided a 7 percent yield at the time o
    5·1 answer
  • The Average Product of Labor is __________.
    14·1 answer
  • The journal entry to record the receipt of a payment within the discount period on a sale of $900 with terms of 2/10, n/30 will
    12·1 answer
  • Multico is a securities dealer whose principal market is with other securities dealers. To take advantage of a perceived opportu
    12·1 answer
  • Consider a $6500 piece of machinery, with a 5-year depreciable life and an estimated $1200 salvage value. The projected utilizat
    13·1 answer
  • HELP PLEASE
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!