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Yuliya22 [10]
3 years ago
13

In the Marigold, maintenance costs are a mixed cost. At the low level of activity (40 direct labor hours), maintenance costs are

$300. At the high level of activity (300 direct labor hours), maintenance costs are $1650. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost
Business
1 answer:
alisha [4.7K]3 years ago
8 0

Answer:

Results are below.

Explanation:

<u>To calculate the variable and fixed costs, we need to use the following formulas:</u>

<u></u>

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

Variable cost per unit= (1,650 - 300) / (300 - 40)

Variable cost per unit= $5.1923

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

Fixed costs= 1,650 - (5.1923*300)

Fixed costs= $92.31

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

Fixed costs= 300 - (5.1923*40)

Fixed costs= $92.31

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The two teams sharing a work space and machine is known as sequential interdependence.

<h3>What is sequential interdependence?</h3>

Your team members depend on one another in predictable ways for the flow of information, tasks, and decisions when there is sequential interdependence.

It has the following features-

  • sequential interdependence is a type of task interdependence.
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1 year ago
Oscar had been an exceptionally private person his entire life. What bothered him most during his final years was the lack of ca
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Answer:

<em>c) Social Dignity. </em>

Explanation:

On the other hand, it is morally important to harm someone's personal reputation because it causes a social cost: the target loses social status insofar as it is compelled to do something that the society finds to be humiliating.

Furthermore, social dignity is closely linked to the universal desire for justice for individuals.

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2 years ago
A restriction of cash wherein the borrower is required to maintain a specific amount in a low-interest or noninterest-bearing ac
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Answer:

Compensating balance

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When supplies ordered for use in an activity accounted for in the General Fund of a government are received at an actual price w
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Answer: Credited for the original estimated price for the supplies.

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The encumbrance account is a budgetary account and encumbrance refers to the funds that are restricted in an account and are typically reserved for a specific purpose.

When the supplies that are ordered for use in an activity accounted for in the General Fund of a government are received at an actual price which is less than the estimated price on the purchase order, the encumbrance control account will have to be credited using the original price that was estimated for the supplies.

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Problem 4-7 Financial Ratios (LO3)Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEM
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Answer:

Explanation:

Assets END START

Cash  94,000   163,000  

Accounts Receivable  2.632,000   2.590,000  

Other Current  892,000   957,000  

Inventory  212,000   263,000  

TOTAL CURRENT ASSETS   3.830,000   3.973,000  

Property and Equipment  20.023,000   19.965,000  

Other Long Term Assets  4.266,000   3.820,000  

TOTAL ASSETS   28.119,000   27.758,000

Dividends Payable   2.614,000   3.090,000

Other Current Liabilities   836,000   812,000  

Short Term Loan   1.444,000   1.598,000  

TOTAL CURRENT LIABILITIES   4.894,000   5.500,000  

Long Term Debt   5.773,000   5.938,000  

Long Term Loan   6.228,000   6.199,000

TOTAL LIABILITIES   16.895,000   17.637,000  

Equity  

Stockholders' Equity   11.224,000   10.121,000  

TOTAL EQUITY   11.224,000   10.121,000  

TOTAL EQUITY & LIABILITIES   28.119,000   27.758,000  

CAPITAL EMPLOYED   23.225,000   22.258,000  

CURRENT RATIO  0,78  

QUICK RATIO  0,74  

CASH RATIO  0,02  

PROFIT MARGIN 9,01%

TIMES INTEREST EARNED RATIO  3,46  

LONG TERM DEBT RATIO 20,53%

TOTAL DEBT RATIO 60,08%

RETURN ON ASSETS 4,38%

RETURN ON EQUITY 11,48%

RETURN ON CAPITAL 5,39%

INVENTORY TURNOVER  16,39  

AVERAGE COLLECTION  69,51  

Receivables Turnover  5,25

DIO - Days of Inventory Outstanding  22,27  

Average Inventory  263,000  

Cost Of Goods  4.310,000  

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