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
noname [10]
3 years ago
11

Willco Inc manufactures electronic parts. They are analyzing their monthly maintenance costs to determine the best way to budget

these costs in the future. They have collected the following data for the last 6 months: Machine Hours Maintenance Costs January 30,000 $61,946 February 40,000 $74,500 March 37,500 $65,900 April 39,000 $68,750 May 42,300 $74,000 June 35,000 $64,500 Using the high-low method, what is the fixed cost component of the monthly maintenance.
Business
1 answer:
jeka943 years ago
8 0

Answer:

Fixed costs= $31,312

Explanation:

Giving the following information:

January 30,000 $61,946

February 40,000 $74,500

March 37,500 $65,900

April 39,000 $68,750

May 42,300 $74,000

June 35,000 $64,500

T<u>o calculate the fixed costs under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (74,500 - 61,946) / (42,300 - 30,000)

Variable cost per unit= $1.021

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 74,500 - (1.021*42,300)

Fixed costs= $31,312

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 61,946 - (1.021*30,000)

Fixed costs= $31,316

You might be interested in
An ecosystem generally requires solar energy, nutrients, decomposers, consumers and?
spin [16.1K]

An ecosystem generally requires solar energy, nutrients, decomposers, consumers and producers.

An ecosystem is a community or group of living organisms that live in together and interact with each other in a specific environment. Ecosystems are considered as the foundation of Biosphere which maintains the natural balance of the earth.

An ecosystem requires nutrients, decomposers, consumers and producers. For instance, let's take the relationship between deer and lion in the ecosystem. So, for its survival, the lion eats the deer. Thus, each relationship like this has an effect on other creatures and plants living in the same environment.

Hence, the structure of an ecosystem is related to its species diversity.

To learn more about ecosystem here:

brainly.com/question/13979184

#SPJ4

4 0
2 years ago
If a bond's yield to maturity is less than its coupon rate, the bond will sell at a _____, and increases in market interest rate
KiRa [710]

If a bond's yield to maturity is less than its coupon rate, the bond will sell at a premium, and increases in market interest rates will decrease this premium.

If the bond's coupon rate is lower than YTM, the bond will be sold at a discounted price. If the bond's coupon rate is higher than its YTM, the bond is sold at a premium. If the bond's coupon equals YTM, the bond is sold at face value.

If the coupon is higher than the yield, investors should expect the bond's capital value to fall over the remaining term. Therefore, the price of the bond must be higher than its face value. If the bond's coupon rate is lower than its lifetime, the bond's price increases over its remaining lifetime.

If the interest rate falls below the coupon, the bond can be sold at a premium above face value. Interest rates on bonds vary according to prevailing interest rates and perceived risks of the issuer. Suppose he has a 10-year bond for $5,000 with a 5% coupon.

Learn more about bonds here brainly.com/question/25965295

#SPJ4

7 0
1 year ago
Does Apple's common stock have a par value? If so, how much was the reported par value per share? How many shares of common stoc
vlabodo [156]
The par value for shares of Apple is $0.000015
7 0
3 years ago
Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their
quester [9]

Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause the labor force participation rate to decrease.

Let's imagine that the government employs a convincing advertising campaign to persuade those with high school diplomas to quit their jobs and devote their full time to attending college. As a result, the rate of labor force participation would decrease.

The labor force participation rate provides an estimate of the size of the labor force in an economy. The percentage of the working-age, non-institutionalized population, aged 16 and over, that is employed or actively seeking employment is used in the calculation. When paired with the unemployment rates, it can help put the state of the economy in some sort of context.

To know more about labor force refer:

brainly.com/question/14826712

#SPJ4

4 0
1 year ago
If you were a manager who made sure that rewards were distributed to your employees fairly based on their performance and that e
Naily [24]

Full question:

If you were a manager who made sure that rewards were distributed to your employees fairly based on their performance and that each employee clearly understood the basis for his or her own pay, you would be using: Group of answer choices

a.equity theory.

b.Theory X.

c.motivation-hygiene theory.

d. Theory Y.

e. scientific management.

<u>Option A:</u>

If you were a manager who made sure that rewards were distributed to your employees fairly based on their performance and that each employee clearly understood the basis for his or her own pay, you would be using: equity theory.

<u>Explanation:</u>

Equity theory intends to hit an equivalence within an employee’s input and output in the workplace. If the worker can observe his or her reasonable balance it would drive to a more rich association with the administration.

Equity theory affirms that if a self recognizes an inequity among themselves and a companion, they will adjust the work they do to address the circumstances fairly in their sights.  So obtaining this fair balance assists to guarantee a stable and fruitful relationship is reached with the employee, with the overall outcome being contented, excited employees.

4 0
3 years ago
Other questions:
  • Rodriguez Company pays $375,000 for real estate plus $19,875 in closing costs. The real estate consists of land appraised at $18
    13·2 answers
  • ___________ Involves decisions that result in brand-new markets, products, and often new businesses by acquiring new assets to d
    13·1 answer
  • Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la
    10·1 answer
  • Supply of a product will tend to be more inelastic when
    13·1 answer
  • Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's b
    13·1 answer
  • Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the
    5·1 answer
  • Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re
    7·1 answer
  • Which of the following is true about a "credit"? I. It is part of the double-entry procedure that keeps the accounting equation
    14·1 answer
  • Personal selling can take place in all situations except when
    13·1 answer
  • Which of the following is true for a constant growth stock whose market value is equal to its intrinsic value? a. The stock's ex
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!