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3 years ago

Inspection costs at one of Iuliano Corporation's factories are listed below:

Business

1 answer:

Ahat [919]3 years ago

8 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Units produced - Inspection cost

February: 911 - $16,812

March: 961 - $17,200

April: 917 - $16,865

May: 901 - $16,710

June: 923 - $16,894

July: 908 - $16,780

August: 925 - $16,932

September: 865 - $16,300

October: 904 - $16,738

To calculate the fixed component using the high-low method, first, we need to calculate the unitary variable cost:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,200 - 16,300) / (961 - 865)

Variable cost per unit= $9.375 per unit

Now, we can calculate the fixed costs:

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,200 - (9.375*961)

Fixed costs= 8,190.625

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 16,300 - (9.375*865)

Fixed costs= $8,190.625

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A common size income statement:_______.

yulyashka [42]

Answer:

The correct answer is letter "B": expresses items as a percentage of net sales.

Explanation:

A Common Size Income Statement reflects a percentage of net sales for each account. Common size income statements are basic tools that a business owner may use to compare the performance of his company to rivals or to compare the company to industry averages. Each line in this type of income statement is displayed as a percentage of revenue or sales and the amounts are compared to past performances which allow to observe the different values easily.

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3 years ago

Why labor and management might be at odds and why?

NikAS [45]

The most frequently employed technique of workers was the STRIKE. Withholding labor from management would, in theory, force the company to suffer great enough financial losses that they would agree to worker terms. Strikes have been known in America since the colonial age, but their numbers grew larger in the Gilded Age.

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3 years ago

Read 2 more answers

A company purchased land for $100,000 cash. Accrued real estate taxes on the land, $2,000, and real estate taxes on the land for

zheka24 [161]

Answer:

$118,000

Explanation:

We know the purchase price of land = $100,000

Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.

Thus, $8,000 paid as brokerage will be added.

Also the one time expense in the capital nature being the demolishing expense will be added to cost.

Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000

Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.

Thus, net historical cost = $118,000

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3 years ago

Nutrients for poultry products

lord [1]

Answer:

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Overall, poultry is characterized by significant amounts of protein, of minerals like zinc, iron and copper, and of vitamins like vitamin B6 and thiamin.

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2 years ago

Suppose that for a given good demand increases and supply decreases at the same time. If demand increases by a lesser amount tha

ser-zykov [4K]

Answer:

The correct answer is letter "A": rises; falls.

Explanation:

Given a market for a certain good or service, in case the supply decreases at a fastest pace than the demand increases, the equilibrium price is likely to <em>rise</em>. As a result of the quick drop in the supply for that good or service, the equilibrium quantity is likely to <em>fall</em>.

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3 years ago