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iren2701 [21]
3 years ago
10

Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Units Produced Total Cos

t July 18,000 $36,000 August 32,000 48,000 September 36,000 55,000 October 22,000 38,000 November 40,000 74,500 December 38,000 71,000 Compute the variable cost per unit using the high-low method. (Round variable cost per mile to 2 decimal places e.g. 1.25.) Variable cost per unit $ LINK TO TEXT Compute the fixed cost elements using the high-low method. Fixed costs $
Business
1 answer:
Dafna11 [192]3 years ago
7 0

Answer:

$1.75 and $4,500

Explanation:

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

Variable cost per unit = (High total cost - low total cost) ÷ (High unit produced - low unit produced)

= ($74,500 - $36,000) ÷ (40,000 units - 18,000 units )

= $38,500 ÷ 22,000 units

= $1.75 per unit

Now the fixed cost equal to

= High total cost - (High units produced × Variable cost per unit)

= $74,500  - (40,000 units × $1.75)

= $74,500 - $70,000

= $4,500

We simply applied the above formulas

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Answer:

The answer is marketing.

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Marketing is commonly defined as efforts to buy, advertise, distribute, and sell a product or service.

It is clear from the description in the question that Daniel works in the department since he is responsible to market Striking Apparel’s new products based on the target shoppers through social media and email marketing efforts such as sending out promotional emails and messages.  

3 0
3 years ago
Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.
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Answer:

A) True

Explanation:

Ethical learning can be regarded as educational proposal that has the purpose of preparing students as regards their future working life , through rendering of help to acquire skills that will give them enablement to perform their professions with responsibility as well as autonomy.

Business ethics can be regarded as study of needed business policies as well as business practices. Subject needed to learn could involves could be corporate social responsibility,corporate governance and others. It should be noted that Ethics Learning to recognize ethical issues is the most important step in understanding business ethics.

5 0
3 years ago
The Federal Reserve District Banks are divided: into geographical regions with the majority of the district banks located in the
Oksana_A [137]

Answer:

geographically to encompass the 12 largest metropolitan and financial areas in the United States.

Explanation:

When the Federal Reserve District Banks were to be divided there were huge  discussions on such division but it was later discovered that important places and cities should get their separate divisions.

Accordingly, it was divided into 12 segments which shall cover the most vital economic centres and the most needful shall be served first.

And thus, the metropolitan and financial centres of United States got their area specific divisions.

8 0
3 years ago
EFT Inc. wants to empower and engage its employees. It has several teams consisting of highly skilled employees, and no one pers
Ivan

Answer:

EFT, Inc. uses <u>shared</u> leadership in its organization.

(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Explanation:

Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.

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4 years ago
Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per
Sauron [17]

Answer:

$30,000 increase

Explanation:

Piper Corp is operating at 70% capacity, and so we can produce the unit in-house at no increase to fixed cost we are already incurring. So we assume fixed cost for the extra production is zero

Without fixed cost the unit can be produced at $26, so cost of producing the units needed= 26*15,000= $390,000

To buy the product we need $24 per unit, so the cost of buying the needed units is= 24* 15,000= $360,000

The differential cost of making the part rather than purchasing it = Cost of inhouse production- Cost of Buying= 390,000- 360,000= $30,000

3 0
3 years ago
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