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
user100 [1]
3 years ago
10

Zachary Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in t

he spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 208 boats at a total cost of $160,540. The low point in production occurred in January when it produced 39 boats at a total cost of $49,000. Required Use the high-low method to estimate the amount of fixed cost incurred each month by Zachary Boat Company. Determine the total estimated cost if 160 boats are made.
Business
1 answer:
lions [1.4K]3 years ago
4 0

Answer:

a) $23,260 b) = $128,860

Explanation:

The question is divided into two parts

part A) calculate the amount of fixed cost incurred each month by Zachery Boat Company

Step 1: We calculate the Variable Cost per unit as follows:

Variable Cost per unit= The Changes in total cost  / the change in volume

= ($160,540 - $49,000) / (208 boats- 39 boats )

= $111,540 /  169 Boats

= $660 per boat

Step 2: Now determine the fixed cost

Fixed cost = The total cost incurred (high) - the variable cost( 208 boats x $660 per boat)

= $160, 540 - $137,280

= $23,260

Part b) We calculate the total estimated costs if 160 boats are made

= Total costs = The fixed cost (determined above) + The variable cost (160 boats x $660 per boat)

= $23,260 + $105,600

= $128,860

You might be interested in
Domestic market centers are geographical areas that sell household linens.
bagirrra123 [75]
The correct answer is false.


Hope that helped you! c:
4 0
3 years ago
2. What were the major industries involved in the development of the West, and how did these industries transform the western ec
Usimov [2.4K]

Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

6 0
3 years ago
Melissa is a self-employed lawyer who chooses a higher-priced restaurant 2 miles from home over a cheaper restaurant 15 miles fr
kiruha [24]

Answer:

Option (E) is correct.

Explanation:

The opportunity cost refers to the benefits that are sacrificed by choosing some other alternative.

In our case, there are two restaurants as follows:

One is 2 miles away from home with higher prices

Second one is 15 miles away from home with lower prices

But Melissa chooses the first one by comparing the opportunity cost associated with each option relative to the other option.

This is because of the higher opportunity cost associated with second restaurant offsets the higher monetary cost of the first restaurant.

4 0
3 years ago
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a
brilliants [131]

Answer:

Option c is correct

$245,680

Explanation:

The total manufacturing cost = $737,040.

Units produced = 22,200

Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

Cost of goods sold before adjustment for overheads

= (cost per unit × units sold)

= $33.2 × 7,400

= $245,680

3 0
3 years ago
Read 2 more answers
As an elected official, you have been informed that real GDP is below its potential and that action should be taken to encourage
telo118 [61]

Answer:

The answer is 2.5

Explanation:

Mpc = marginal propensity to consume

Mps = marginal propensity to save

Multiplier = 1/ 1-mpc= 1/ mps

Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5

8 0
2 years ago
Other questions:
  • According to the leadership grid developed by Blake and Mouton, which management style reflects moderate concern for production
    11·1 answer
  • List three strategies for seeing that your guests do not leave your home or residence while impaired
    7·1 answer
  • Ahmad was recently laid off from his job at big bank. when he was employed, he did not enjoy his job; however, now that his job
    15·1 answer
  • What type of life policy covers two people and pays upon the death of the last insured?
    8·1 answer
  • Net exports might be a negative amount if Americans
    14·1 answer
  • Arturo is a partner in a firm that specializes in producing vitamins and health food products. While the business is considered
    6·1 answer
  • There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can't afford
    15·2 answers
  • If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits. b. leave p
    15·1 answer
  • Which product would be considered part of the business-to-business market?
    14·1 answer
  • ______ business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or d
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!