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Serggg [28]
3 years ago
5

Manley Co. manufactures office furniture. During the most productive month of the year, 5,000 desks were manufactured at a total

cost of $87,000. In its slowest month, the company made 2,000 desks at a cost of $49,500. Using the high-low method of cost estimation, total fixed costs are:
Business
1 answer:
grandymaker [24]3 years ago
4 0

Answer:

$24,500

Explanation:

For computing the total fixed cost first we have to determine the total fixed cost which is shown below:

Variable cost per desk = (Total high cost - total low cost) ÷ (High number of desk manufactured - low number of desk manufactured)

= ($87,000 - $49,500) ÷ (5,000 desks - 2,000 desks)

= $37,500 ÷ 3,000 desk

= $12.5

Now the fixed cost equal to

= Total high cost - (High number of desk  × Variable cost per hour)

= $87,000 - (5,000 desks × $12.5)

= $87,000 - $62,500

= $24,500

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Prioritized list

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Step 3 of the decision-making process is to identify alternatives or options. Therefore, finding many options so that the individual cannot make any wrong decision during the time of choosing the right option. If the person identifies the various options, he or she can choose the most optimal list. In that case, testing, or brainstorming activity cannot help to proceed with alternatives. Prioritizing the list will be helpful to approach in 3rd step to find the best possible options. Therefore, option D is the answer.

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3 years ago
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Answer:

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3 years ago
During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Whi
nataly862011 [7]

Answer:

b. Develop and present financial planning recommendations.

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As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $940,000 and liabilities of $300
Anvisha [2.4K]

Answer:

Th answer is: net income for year 2 is $45,000

Explanation:

We must first determine the equity for both years (equity= assets - liabilities)

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  • Equity year 2 = $995,000 - $270,000 = $725,000

Then we calculate the change in equity:

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Finally to determine the net income or year 2 we use the following formula:

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net income (Y2) = $85,000 -$73,000 + $33,000 = $45,000

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3 years ago
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GaryK [48]

Answer:

$100,890

Explanation:

To determine the value of the debt we must calculate the present value of the note:

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3 years ago
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