Answer:
Part 1
The electricity cost, which varies in relation to machine hours is $0.50
Part 2
The Cost function will be :
$300 + $0.50 X
Explanation:
High-low method is used to separate the variable and fixed cost element of a mixed cost or semi variable expense.
Step 1 : Determine the variable cost
Variable Cost = ($750 - $500) ÷ (900 - 400)
= $0.50
Step 2 : Determine the fixed cost
Total Cost = Variable Cost + Fixed Cost
hence,
Fixed Cost = Total Cost - Variable Cost
using the high point to substitute in the formulae we get :
Fixed Cost = $750 - ($0.50 x 900)
= $300
thus,
Total Cost = $300 + $0.50 x
Answer:
See the attached file below
Explanation:
Step 1
Calculate unit of raw material needed by multiplying required production with units of raw material needed per unit of finished goods.
Step2
Now add desired ending inventory to units of raw material needed calculated in step 1. You'll get total units of raw material needed.
Step 3
Subtract beginning inventory from total units of raw material needed calculated in above step. You'll get total units of raw material to be purchased.
Step 4
Now multiply the unit cost of raw material with total units of raw material to be purchased to to get cost of raw material to be purchased.
Answer:
Generally real estate liens are prioritized following a temporal order, from first to last. This applies to all liens except taxes. Taxes are always first and they are collected before any other lien in the event of a foreclosure.
In this case, the following priority would go to the mechanic's lien from the the general contractor (as a result from court order), then the mortgage, and finally the other creditors.
Answer:
- Model A12 = 4,354 units
-
Model B22 = 2,214 units
-
Model C124 = 812 units
Explanation:
We must first find the contribution margin for the 3 models:
A12: $51 - $41 = $10
B22: $109 - $80 = $29
C124: $403 - $321 = $82
Then we can solve the following equation:
0.59X(10) + 0.3X(29) + 0.11X(82) = $174,316
5,9X + 8.7X + 9.02X = $174,316
23.62X = $174,316
X = $174,316 / 23.62 = 7380
We need to sell the following quantities per model (final units have been rounded up):
Model A12 = 4,354 units (= 59% X 7,380)
Model B22 = 2,214 units (= 30% X 7,380)
Model C124 = 812 units (= 11% X 7,380)
Answer:
Option D. Deciding on the project manager's tittle
Explanation:
The reason is that the composition of the project, resources required to execute a project, planning and designing of the project and deciding which strategy to implement are the key factors that decides the success of the project. Hence Option A, B and C each are one of the six key decisions in the project management.
Option D is incorrect because deciding the project manager's title doesn't any important role as it doesn't have any significant impact on the productivity of the project manager. Hence Option D is not one of the six key decisions in the project management.