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3 years ago

The following data for a production department relate to two accounting periods:

Business

1 answer:

vagabundo [1.1K]3 years ago

5 0

Answer:

Fixed costs= $187,000

Explanation:

Giving the following information:

Activity(machine-hours): 17,000 18,500

Department costs: $246,500 $251,750

To calculate the fixed and variable cost, we need to use the high-low method:

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

Variable cost per unit= (251,750 - 246,500) / (18,500 - 17,000)

Variable cost per unit= $3.5

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

Fixed costs= 251,750 - (3.5*18,500)

Fixed costs= $187,000

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

Fixed costs= 246,500 - (3.5*17,000)

Fixed costs= $187,000

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Answer:

The current market price for the bond is $903.05

Explanation:

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3 years ago

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3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 14,000 Selling price per un

timama [110]

Answer:

Results are below.

Explanation:

Traditional format income statement:

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COGS= 10,000 + 86,000 - 23,000

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Net operating income= 61,000

Contribution margin income statement:

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2 years ago

A manager should attempt to maximize the value of the firm by changing the capital structure if and only if the value of the fir

faust18 [17]

Answer:

Option a

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Value maximization can be performed by changing the capital structure which affects the payment obligations. The value maximization affects all the stakeholders of the organisation therefore, the decision should be made by tasking into consideration them all.

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3 years ago

The tendency to seek out information that reaffirms past choices and to discount information that contradicts past judgments is

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3 years ago