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
otez555 [7]
3 years ago
5

The following information is available for a company’s maintenance cost over the last seven months.

Business
1 answer:
Rainbow [258]3 years ago
3 0

Answer:

Variable cost per unit= $250 per unit

Fixed costs= $2,100

Explanation:

Giving the following information:

June= 9 $5,450

July= 18 $6,900

August= 12 $5,100

September= 15 $6,000

October= 21 $6,900

November= 24 $8,100

December= 6 $3,600

To calculate the fixed and variable costs under the high-low method, we need to use the following formulas:

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

Variable cost per unit= (8,100 - 3,600) / (24 - 6)

Variable cost per unit= $250 per unit

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

Fixed costs= 8,100 - (250*24)

Fixed costs= $2,100

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

Fixed costs= 3,600 - (250*6)

Fixed costs= $2,100

You might be interested in
Studdard Controls recently declared a quarterly dividend of $1.25 payable on Thursday, April 25, to holder of record of Friday,
elena-14-01-66 [18.8K]

Answer:

April 11th

Explanation:

the dividends will be paid to the owner of the share one day before the record.  This is defined asthe Ex-date ofthe dividends.

DISCLAMER

Assuming it refers to 2019 Apil 12th

the previous business day will be April 11th (we should liook into the calendar and avoid counting Friday and saturdays

for the year 2019 April 12th is a friday so it is okay to define it as April 11th

7 0
3 years ago
If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
Alecsey [184]

Answer:

The correct answer is B: the jobs produced during the period have been under-costed

Explanation:

Giving the following information:

If manufacturing overhead has been under-allocated during the period, then which of the following is true?

(a) the jobs produced during the period have been over-costed

(b) the jobs produced during the period have been under-costed

(c) the jobs produced during the period have been costed correctly

(d) none of the above

When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.

7 0
3 years ago
Anson Jackson Court Company (AJC) The Anson Jackson Court Company (AJC) currently has $200,000 market value (and book value) of
ddd [48]

Answer:

7.38%

Explanation:

Calculation to determine what would be AJC's new WACC and total value

Using this formula

WACC and total value=(Equity)(Required rate of return on equity)+(Debt)(1-Tax rate)(Required rate of return on debt)

Let plug in the formula

WACC and total value=(0.6)(0.095)+(0.4)(1-0.4)(0.07)

WACC and total value=0.057+0.0168

WACC and total value=0.0738*100

WACC and total value=7.38%

Therefore would be AJC's new WACC and total value is 7.38%

5 0
2 years ago
A local college of business offers an outstanding business school education. Cali pays the tuition to attend and earns her MBA w
GrogVix [38]

Answer:

Yes, there is marketing exchange.

Explanation:

Marketing exchange is the exchange which happens or take place when two or more people trade services or goods. In theory of marketing, each exchange is supposed to have a utility.

So, in this case, there is marketing exchange of paying the tuition fees for or against the knowledge and it directly lead to the new job of Cali.

8 0
3 years ago
When the supply of a commodity decreases while demand remains the same price tends to:_____.
postnew [5]

When the supply of a commodity decreases while demand remains same then the same price tends to increase.

Given that the supply of a commodity decreases while the demand remains same.

We are required to find the effect of decrease of supply on the price of the commodity if the demand remains same.

Supply is the amount of good that the producer manufactures and sends to the market.

Demand is the amount of good that the consumer wants to consume.

When the supply of a commodity decreases,the supply will shift leftwards. The demand remains same then from the graph we can find that the price of the commodity increases from P to P1.

Hence when the supply of a commodity decreases while demand remains same then the same price tends to increase.

Learn more about supply at brainly.com/question/25843620

#SPJ4

3 0
1 year ago
Other questions:
  • Jada, a PR executive, likes to meet clients in her office, where her diplomas and awards are prominently displayed. This encoura
    15·1 answer
  • Total revenue equals A)price per unit times change in quantity sold. b)price per unit times quantity supplied. c)change in price
    15·1 answer
  • Who was Adam Smith? Anybody?
    13·2 answers
  • A not-for-profit university operates its college book-store as an auxiliary enterprise. During the year the store has revenues o
    13·1 answer
  • Carver Packing Company reports total contribution margin of $72,000 and pretax net income of $24,000 for the current month. In t
    15·1 answer
  • An increase in the price of hay would cause the supply of beef to ___________. Which determinant causes this change? ___________
    8·1 answer
  • What steps did fdr take in response to the economic improvements of 1935 and 1936?
    12·1 answer
  • In the year prior to going public, a firm has revenues of $20 million and net income after taxes of $2 million. The firm has no
    10·1 answer
  • Limitations of the _____ budgeting method include not allowing firms to exploit the unique opportunities or problems they confro
    7·1 answer
  • The loan-to-value ratio for a condominium purchased for $265,000 with a down payment of $53,000 is?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!