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frosja888 [35]
4 years ago
12

At the high level of activity in November, 12000 machine hours were run and power costs were $22000. In April, a month of low ac

tivity, 5000 machine hours were run and power costs amounted to $15000. Using the high-low method, the estimated fixed cost element of power costs is
Business
1 answer:
NISA [10]4 years ago
4 0

Answer:

The estimated fixed cost element of power costs is $10,000

Explanation:

For computing the fixed cost first we have to calculate the variable cost per unit which is shown below:

= (High power cost -  low power cost) ÷ (High machine hours - low machine hours)

= ($22,000 - $15,000) ÷ (12,000 - 5,000)

= $7,000 ÷ 7,000

= $1

Now the fixed cost would be

= (High power cost) - (high machine hours × variable cost per unit)

= $22,000 - 12,000 × $1

= $22,000 - $12,000

= $10,000

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Which of the following is a correct statement of the accounting equation in economic terms?A. Economic resources = creditor fina
Dafna11 [192]

Answer:

D. Economic resources = creditor financing + owner financing

Explanation:

The economic resources in accounting are:

  • the liablities; which represent the loans and credit term made by third parties (creditor financing)
  • and equity which represent both, the actual nvestment and the retained earnings(owner financing)

Both, are used to obtain an maintain the assets which arethe economic use of the resources.

4 0
4 years ago
all three level of professionals are required to run an organization or a business is smoothly classified as a statement ​
spayn [35]

All three levels of professionals are required to run an organization or a business smoothly. Justify this statement.

Answer:

It is TRUE that All three levels of professionals are required to run an organization or a business smoothly.

The three levels of professional required are:

Top-level management

Middle-level management

Low-level management

Explanation:

Top-Level Management

Top-level managers or professionals are the people that involve in taking an extensive means of actions or decisions for the firm or business as a whole and focus on the long-term success of the business or company. They take up roles such as Chief Operations Officer (COO), ), Chief Financial Officer (CFO), Chief Executive Officer (CEO), etc.

Middle-Level Management

Middle managers or professionals are an essential part of an organization and they are involved in the intermediate management operation whose responsibility involved supervising the lower-level managers to meet the company's goals. For example, they are General managers, branch managers, department managers, etc.

Low-Level Management

Low-level managers or professionals are a core part of organizations, they ensure there is a practical technique and creativity with strong interpersonal skills to maximize particular operational processes to achieve organizational success. For example, they are Office Manager, Shift Supervisor, Store Manager, etc.

7 0
3 years ago
How does the point of view used in "Battling the Digital Jolly Roger" differ from "The Completely Free Market" and affect the re
MaRussiya [10]
The answer to the following question:

<span>How does the point of view used in "Battling the Digital Jolly Roger" differ from "The Completely Free Market" and affect the reliability of the article? A. The author uses first person, and conducts interviews with the CEOs of the major Internet companies, which offers a different perspective on the issue. B. The author uses first person, having helped to write SOPA, defending his or her position on why online piracy must be stopped. C. The author uses third person, but includes some first person interviews, which gives the reader a variety of opinions to choose from. D. The author uses third person, objective, presenting facts, which makes the article more reliable.


is:
</span>B. The author uses first person, having helped to write SOPA, defending his or her position on why online piracy must be stopped.
7 0
4 years ago
A good change control process will include:
harkovskaia [24]

Answer: A. All of these

Explanation: Change Control is the process companies uses to document, identify and authorize changes to an environment or process. It assists in reducing the chances of unauthorized modifications, disruptions and errors in the system/process and therefore follows a specific pattern towards its implementation. This would include: Change request identification, assessment, analysis, approval or rejection, and finally implementation. All these from start to finish is usually documented in the change request log.

8 0
3 years ago
On January 2, 2005, Ames Corp. signed an eight-year lease for office space. Ames has the option to renew the lease for an additi
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Answer:

B) $15,000

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Even though the leasehold improvements have an estimated useful life of 10 years, Ames should amortize them in 8 years since they are not certain about renewing the lease contract.

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Since Ames has only leased the office for one year, then the accumulated amortization should be $15,000

6 0
3 years ago
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