Answer:
Variable cost per unit= $2.28
Explanation:
Giving the following information:
January 940 $ 5,490
February 1,840 $ 6,980
March 2,480 $ 8,100
April 640 $ 3,900
<u>To calculate the variable cost per machine hour under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (8,100 - 3,900) / (2,480 - 640)
Variable cost per unit= $2.28
Answer:
Regency Bank : $51,347.27
King Bank : $46,590.99
Explanation:
The formula for calculating future value:
FV = P (1 + r)^mn
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
Regency Bank : $7,600 x (1.01)^(16 x 12) = $51,347.27
King Bank : $7600 x 1.12^16 = $46,590.99
Answer:
Memorial Hospital
From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:
= 16.3%.
Explanation:
a) Data and Calculations:
Average cost of deliveries = $5,000
Average revenue per delivery = $4,300 ($5,000 - $700)
Loss on each delivery = $700
The change in profit for each extra delivery is
= 16.3% ($700/$4,300 * 100)
b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.
Answer:
The correct answer is letter "A": Cause-and-effect diagram.
Explanation:
The Fishbone Diagram or Cause-and-effect diagram is usually called the Ishikawa Diagram because it was created by Japanese manager Kaoru Ishikawa (<em>1915-1989</em>) who was interested in improving quality control within organizations. The diagram is composed of a square that represents the fish head, a central line that represents its spine and four (4) arrows pointing the central line that represents the fishbones.
This tool is <em>useful for the analysis of problems that represent the relationship between an effect -the problem- and all the possible causes that generate it</em>.
Consumer tastes or preferences would most likely have an effect on B. DEMAND.
If a product is numerous and affordable but is not in accordance to consumer's taste or preference, then there will be no demand on the product supplied.
If the product has limited stock and is costly but it is preferred by the consumers, then demand of the good will still be steady.
