Answer:
Please see explanation
Explanation:
The following steps are used to estimate cost in high-low method:
Step 1: Take the activity level and cost for
the highest activity level
the lowest activity level
Step 2: The variable cost per unit can be calculated as:
Variable cost per unit=Difference in total cost at two levels/difference in number of units at two levels.
Step 3: Having calculated the variable cost per unit of activity, fixed cost can be calculated by substitution into one of the cost expressions.The difference between the total costs at this activity level and the total variable costs at this activity level is the fixed cost.
Limitations:
High- Low analysis uses just two sets of data i.e. highest value and lowest value for cost estimation. Due to this reason, this analysis can not be used for rough estimation.Since the other methods of cost estimation such as regression analysis calculates a line of best fit for all the available data, it is likely to provide a more reliable estimate than the high low analysis.
Answer:
The total cost accounting for direct materials is $215,000
Explanation:
The computation of the total cost accounted for the direct material is shown below:
= (cost per equivalent unit for direct materials × transferred units) + (ending work in progress units × cost per equivalent unit for direct materials)
= ($5 × 40,000) + (3,000 ×$5)
= $200,000 + $15,000
= $215,000
The conversion cost units and its cost per equivalent unit are not relevant. Hence, it is ignored in the computation part.
True - <span>personal or family illness, family military leave, </span>pregnancy<span>, </span>adoption<span>, or the </span>foster care<span> placement of a child are allowable reasons to take the leave.</span>
Camino registers for a consumer education course at her high school. she is likely to learn about all the following topics except how to prepare for a successful job interview.
This is further explained below.
<h3>What is a consumer education course?</h3>
Generally, The term "consumer education" refers to a kind of instruction that may be discovered in the official school curriculum in a variety of subject areas across the board.
It draws on expertise from a broad range of disciplines, including economics, game theory, and political science.
In conclusion, Camino has made up his mind to sign up for the high school level consumer education course that is being provided there.
There is a significant probability that she will obtain information on all of the aforementioned difficulties; nevertheless, she will not receive knowledge on how to properly prepare for a job interview.
Read more about the consumer education course
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Answer:
$40,000 per year; $37,500 per year; $40,000.
Explanation:
From the question above, we are given the following parameters; Alpha Firm offers a salary = $40,000 per year + no bonuses, "Beta Firm offers a base salary of $35,000 per year with a 25% chance that you will receive an annual bonus of $10,000".
So, to answer the question,the expected salary of working for Alpha Firm will surely be = $40,000 per year.
At Beta Firm the expected salary is = $35,000 + 0.25($10,000) = $37,500.
Therefore, if I was risk neutral, the expected value of the year bonus offered by Beta Firm would need to be at least $40,000 for me not to be indifferent to the choice between the two options.