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Margarita [4]
3 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]3 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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In 2020, Wildhorse Corporation reported net income of $1,021,600. It declared and paid preferred stock dividends of $265,100. Du
ikadub [295]

Answer:

Wildhorse’s 2020 earnings per share is $3.79

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Average weighted of common outstanding shares)

where,  

Net income and the preference dividend is $1,021,600 and $265,100

And, the number of shares are 199,600 shares

Now put these values to the above formula  

So, the value would equal to

= ( $1,021,600 - $265,100) ÷ (199,600 shares)

= $3.79 per share

8 0
3 years ago
Why do you think the value of the Indian rupee declined against that of the U.S. dollar after the U.S. Fed had announced that it
Alexandra [31]

Answer:

Because the United States interest moved up and Indian Rupees depends mostly on the capital from the United States of America.

Explanation:

So, about the Indian rupees there are things we must note; (1). The inflation on Indian Rupees is high, (2). The problem of deficit account by the Rupee.

The two problems mentioned above are the problems that made Indian Rupees to rest or relent mostly on the United States of America Fed's cash flow. So, when U.S. Fed announced that it would begin to wind down its economic stimulus program the value of Indian Rupees DECREASES.

5 0
3 years ago
What is your opinion on traditional directed government benefits versus<br> universal income?
Elodia [21]

Answer:

I believe that a form of universal income would be a better policy than the traditional directed government benefits or welfare.

Explanation:

This is because the idea of the universal income would be to replace the welfare programs, by giving people a reasonable amount of money so that they can decide by themselves in what utilities or amenities to spend that money.

Programs with poor incentives like food stamps, or inefficiently run public-programs, could be replaced by universal income without causing harm to ther beneficiaries, and possibly even generating more benefit.

8 0
2 years ago
Explain the economic circular flow of activity. Create a graphic that describes how his circular flow of economic activity works
user100 [1]
I am not really sure sorry..........
5 0
3 years ago
This year Clark leased a car to drive between his office and various work sites. Clark carefully recorded that he drove the car
Solnce55 [7]

Answer:

$7,200

Explanation:

Expense can be defined as the cost incurred by an organisation as it tries to generate revenue in its daily activities.

It is the cost of doing business, and is the sum total of cost incurred for all activities geared at making profit.

So in this instance Clark was visiting work sites for the company, he leased a car for $4,500 and spent $2,700 on fuel. The sum total is $7,200 and this is the amount he will deduct as business expense.

5 0
3 years ago
Read 2 more answers
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