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
sveticcg [70]
3 years ago
13

Supply costs at Lattea Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,665 $28,579 April 11,461

$28,413 May 11,993 $28,837 June 13,800 $28,928 July 11,725 $28,640 August 11,211 $28,239 September 12,005 $28,838 October 11,696 $28,596 November 11,844 $28,721 Management believes that supply cost is a mixed cost that depends on client-visits. Use the high-low method to estimate the variable and fixed components of this cost,
Business
2 answers:
blondinia [14]3 years ago
4 0

Answer:

Explanation:

March 11,665 $28,579

April 11,461 $28,413

May 11,993 $28,837

June 13,800 $28,928

July 11,725 $28,640

August 11,211 $28,239

September 12,005 $28,838 October 11,696 $28,596

November 11,844 $28,721

Variable Cost = Highest Activity Cost - Lowest Activity Cost/

Highest Activity Units - Lowest Activity Units

28,928 - 28, 239 = 689

13,800. - 11, 211 = 2,589

= 689/2,589

= 0.266

Fixed Cost   =   Highest Activity Cost - (Variable Cost Per Units x Highest Activity Units)

28,928 - (0.266 x 13,800)

= 28,928 - 3,670.80

= 25,257.20

mario62 [17]3 years ago
3 0

Answer:

<em>$0.48 per client-visit; $22,856 per month</em>

Explanation:

Where,

y2 is the total cost at highest level of activity;                                                                       y1 is the total cost at lowest level of activity;                                                                      x2 are the number of units/labor hours etc. at highest level of activity; and                           x1 are the number of units/labor hours etc. at lowest level of activity

<em>Variable Cost per Unit </em>

= (28,904 -28,227) / (12,600-11,199)

= $0.48

<em> Total Fixed Cost </em>

= y2 ? bx2

= 28,904 - $0.48 * 12600

= $22,856.00

You might be interested in
Susan, a district manager for a large retail chain, is comparing the goals of her stores with recent sales. She knows that two s
vfiekz [6]

Answer: True, this process is the controlling of managerial function

Explanation: Being manager of a large retail chain, means she has a lot of work to do. It requires her as a manager to set goals and make sure they are achieved. When she noticed the underperforming in two stores, she sets a meeting with the manager so as to come up with a corrective action to the underperforming stores. By her doing that, she has done controlling of managerial function.

8 0
3 years ago
Fundamental analysis shows that Quadrangle Company is fairly valued. Then Quadrangle Company unexpectedly improves its productio
Anarel [89]

Answer:

D. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis.

Explanation:

Under factors of production, we have Land ,labour ,capital and entrepreneur.

Labour are the prime movers of a business.If a new CEO with a good track record has been employed, then the value of the company will increase.

Technically, that Quadrangle Company has increased its production(which might mean that the goods and services they deliver to their clients has increased or the mode of delivery of services has been improved upon), the value is also meant to increase.

With all these indices in place, fundamental analysis will now show that the corperation is undervalued. so D

Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis

perfectly fits the answer

4 0
3 years ago
a company earned $3,000 in net income for october. its net sales for october were $10,000. its profit margin is
kari74 [83]

Answer:

30%

Explanation:

The computation of the profit margin is shown below:

Given that

Net income earned for the month of October = $3,000

And, the net sales for the month of October is $10,000

Based on the above information, the profit margin is

= Net income ÷ Net sales

= $3,000 ÷ $10,000

= 30%

By dividing the net income from the net sales we can get the profit margin and the same is to be considered

6 0
3 years ago
Ornaments, Inc., is an all-equity firm with a total market value of $663,000 and 32,800 shares of stock outstanding. Management
Dvinal [7]

EPS = $1.44 (after rounding off)

<u>Explanation:</u>

<u>The calculation of Earnings per share is as follows: </u>

Particulars                                   Amount

Earnings before interest and tax = 71325

Less: amount of interest = 0

Earnings before tax = $71325

Less : the amount of tax ( 34 percent) = 2425.05

Net income = $47074.5

The number of shares given = 32,800

The formula of calculating the earning per share is = Net income divided by the number of the shares of a company

Thus, EPS = $47074.5 divided by 32,800 = $1.44 (rounded oof)

7 0
3 years ago
During the ____________step in activity-based costing, overhead costs in each activity cost pool are assigned to products.
KonstantinChe [14]

Answer:

d. fourth

Explanation:

Activity-based costing involves the following steps:

-First step: establish the activities that use resources and assign the costs to them.

-Second step: identify what causes the costs in each activity and this would be the allocation base.

-Third step: find an activity rate.

-Fourth step: assign costs to the products according to the activity usage by the product.

According to this, the answer is that during the fourth step in activity-based costing, overhead costs in each activity cost pool are assigned to products.

5 0
3 years ago
Other questions:
  • Which of the following statements is CORRECT?
    12·1 answer
  • If a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distrib
    11·2 answers
  • what was the main cause behind the lowell strike in the mid nineteenth century? (a. wage cuts)( b. working hours) (c. living con
    7·1 answer
  • Consider a hypothetical economy where there are no taxes and no international trade. households spend $0.80 of each additional d
    9·1 answer
  • Larson Manufacturing is considering purchasing a new injectionmolding machine for $250,000 to expand its production capacity. It
    11·1 answer
  • Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office do
    5·1 answer
  • The physical flow reconciliation is a report that:
    9·1 answer
  • Breezy Company is disposing of equipment that was originally purchased for $550,000 and has $145,000 of accumulated depreciation
    5·1 answer
  • Which of the following is the best example of a service
    6·1 answer
  • You earn $50,000 per year. Your entire income is taxed at the 10 percent federal tax bracket. Which value reflects what you will
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!