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Margarita [4]
4 years ago
13

The controller of Crane Industries has collected the following monthly expense data for use in analyzing the cost behavior of ma

intenance costs. Month Total Maintenance Costs Total Machine Hours January $2,590 330 February 2,890 380 March 3,490 530 April 4,390 660 May 3,090 530 June 4,790 730 Determine the variable cost components using the high-low method.
Business
1 answer:
Vesna [10]4 years ago
3 0

Answer:

Variable cost per unit= $5.5 per unit

Explanation:

Giving the following information:

Month Total Maintenance Costs Total Machine Hours

January $2,590 330

February 2,890 380

March 3,490 530

April 4,390 660

May 3,090 530

June 4,790 730

To calculate the variable cost using the high-low method, we need to use the following formula:

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

Variable cost per unit= (4,790 - 2,590) / (730 - 330)= 2200/400= $5.5 per unit

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Is the cost of an off-airport warehouse considered to be a unit-level, batch-level, product-level, or facility-level cost as it
Anna007 [38]

Answer:

a. Facility Level

b. Facility Level

Explanation:

Facility level costs are costs incurred to maintain the company in its entirety. It is not directly ascribable to any specific products or product lines.

In the case of the Airport store, the off-airport warehouse will be used to store all their storable products so this relates to an activity that benefits the entire store.

For the individual bottle of water, this is also a facility level cost as the off-airport warehouse will be used to store a number of bottles and as such is for the benefit of the entire company producing the bottles.

6 0
4 years ago
1. the basic control process of business begins with _____.
Rudik [331]
<span>Beings with the establishment of clear standards of performance.

</span>
6 0
3 years ago
Read 2 more answers
Jose, a migrant worker who lived in a mobile home, died in a fire. The smoke alarm of the mobile home malfunctioned and did not
SpyIntel [72]

Answer:

These are the options for the question:

  • Breach of duty.
  • Strict liability.
  • Recklessness.
  • Negligence per se

And this is the correct answer:

  • Negligence per se

Explanation:

Negligence per se consist in act that is neglectful, or unlawful, because it explicitely violates a statue or regulation.

In this case, the statue was the new state law that required smoke detectors to be maintained. The company that installed the smoke detector inside Jose's house clearly did not maintain the detector because otherwise, it would have gone off when the fire started, and Jose probably would not have died.

It is a negligence per se from the smoke detector company, and Jose's wife can lawfully sue them for that very reason.

5 0
3 years ago
Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerab
Pie

Answer:

Industrial Analysis.

Explanation:

Terry Washington recently started a new firm in the financial services industry. Prior to starting his firm, he spent considerable time doing research on the profit potential of the industry. The research that Terry was doing is called <u>Industrial </u>analysis.

Industrial Analysis: It is an analysis or function conducted by the owner of business to understand the dynamics and workflow of any specific industry. It help to know the industrial environment to gain the competitve advantage and potential of the business in the industry. Later on the basis of Industrial analysis, SWOT analysis is conducted to know Strength, weakness, opportunity and threats of a company.

4 0
3 years ago
Interest earnings of 4 percent with a $450 minimum balance; average monthly balance, $600; monthly service charge of $20 for fal
Ray Of Light [21]

Answer:

$86

Explanation:

Missing word <em>"What could be the net annual cost"</em>

<em />

Monthly fee = $20

Interest rate = 4% = 0.04

Average monthly balance = $600

Net annual cost = $20*5 - 0.04*$600*7/12

Net annual cost = $100 - $14

Net annual cost = $86

So, the net annual cost of this account is $86.

7 0
3 years ago
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