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tensa zangetsu [6.8K]
3 years ago
14

Jamieson Enterprises has presented the following information for the past year of operations Month Units Total Cost January 2,80

0 $ 9,200 February 3,500 $ 11,300 March 1,900 $ 6,500 April 2,700 $ 8,900 May 4,500 $ 14,300 June 5,300 $ 16,700 July 7,200 $ 22,400 August 5,100 $ 16,100 September 4,700 $ 14,900 October 3,900 $ 12,500 November 3,400 $ 11,000 December 2,400 $ 8,000 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. b. What would total costs be for a month with 8,200 units produced?
Business
1 answer:
aivan3 [116]3 years ago
3 0

Answer:

a.

VC/unit = $3 per unit

Fixed Cost = $800

b.

Total Cost = $25400

Explanation:

a.

The high-low method is used to separate the components of a mixed cost and it calculates the variable cost component in a mixed cost. The formula to calculate the variable cost per unit under the high-low method is as follows,

VC/unit = [Highest Activity cost - Lowest Activity Cost] / [Highest Activity units - Lowest Activity units]

VC/unit = [22400 - 6500] / [7200 - 1900]

VC/unit = $3 per unit

Using figures from March, The total fixed costs will be,

Fixed cost = 6500 - [3 * 1900]

Fixed Cost = $800

b.

Total cost in a month with 8200 units will be,

Total Cost = Total Fixed cost + Total variable costs

Total Cost = 800 + (3 * 8200)

Total Cost = $25400

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Bade Midwifery's cost formula for its wages and salaries is $1,230 per month plus $240 per birth. For the month of October, the
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Answer:

wages and salaries activity variance= $1,000 unfavorable

Explanation:

Giving the following information:

Standard:

Fixed= $1,230

Variable= $240 er birth

Actual:

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The actual wages and salaries for the month was $26,470.

To calculate the activity variance for wages, we need to use the following formula:

wages and salaries activity variance= (actual costs - standards costs)

standards= 1,230 + 240*101= $25,470

wages and salaries activity variance= (26,470 - 25,470)

wages and salaries activity variance= $1,000 unfavorable

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3 years ago
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Answer:

b) false

Explanation:

This statement is false, because Fayol's management principles were an administrative methodology that provided for observing the facts of an organization and the experiment, being therefore principles that are unable to provide an accurate description of what managers do in the job.

Its management principles consist of: Division of Labor, authority, discipline, management unit, control unit, Subordination of individual interests to the common good, remuneration, centrality, hierarchy, order, equity, stability, initiative and team spirit.

He believed that this set of principles would lead to more effective management where the company would achieve greater efficiency through structural organization and the control and monitoring of functions.

6 0
3 years ago
Identify the correct order of the four steps used to prepare a production cost summary (report). 1)Summarize the cost flow of ph
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Answer:

The answer is "Option C".

Explanation:

The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:

  • Complete the physical unit flow.
  • Measure the production unit's equivalent.
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5 0
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please discuss the similarities and differences between transformational and charismatic leadership. Choose an individual that q
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Answer:

The transformational leaders are bureaucratic and charismatic are people oriented in nature.

Explanation:

  • The charismatic leaders are also called as the transformational leaders and shares various things.
  • Charismatic leaders make their status better and transformational leaders focus on the transformation of the organization's vision. The main difference is the focus and the audience.
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  • The charismatic leaders are more emotionally attached to their audience. They work towards an emphasis on the greater good. More people-oriented.

6 0
3 years ago
Calgary Industries is preparing a budgeted income statement for 2015 and has accumulated the following information. Predicted sa
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Answer:

$192,500

Explanation:

budgeted net income statement

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<u>Adm. expenses         ($92,000) </u>

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<u>Income taxes             ($82,500) </u>

Net income                $192,500

8 0
3 years ago
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