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4 years ago

The ACC Tutoring Service provides tutoring to accounting students.

Business

1 answer:

anzhelika [568]4 years ago

5 0

Answer:

$17,500

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High tutoring cost - low tutoring cost) ÷ (High service hours - low service hours)

= ($125,000 - $55,000) ÷ (4,300 hours - 1,500hours)

= $70,000 ÷ 2,800 hours

= $25

Now the fixed cost equal to

= High tutoring cost - (High service hours × Variable cost per hour)

= $125,000 - (4,300 hours × $25)

= $125,000 - $107,500

= $17,500

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3 years ago

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Answer:

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3 years ago

Multiple intelligences are defined as

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Answer:

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3 years ago

Ticketsales, Inc., receives $5,520,000 cash in advance ticket sales for a four-date tour of Bon Jovi. Record the advance ticket

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Answer:

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The journal entries will look as follows:

Date Description Debit ($) Credit ($)

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