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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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3 0
3 years ago
Jane and Joe made two investments of $25,000 and $40,000 with different investors that yielded a combined rate of return of 10%
OLga [1]

Answer:

10.625%

Explanation:

The combined rate of return for two investments can be calculated using the below mentioned formula:

Combined interest=[(interest rate of first investment*first investment+interest rate of second investment*second investment)/(First investment+Second investment)]

In the given question

Combined interest=10%

Interest rate of first investment=9%

First investment=$25,000

Interest rate of second investment=?

Second investment=$40,000

10%=[(9%*25,000+Interest rate of second investment*$40,000)/(25,000+40,000)]

10%=(2250+Interest rate of second investment*$40,000)/65,000

10%*65,000=2250+Interest rate of second investment*$40,000

6500-2250=Interest rate of second investment*$40,000

4,250=Interest rate of second investment*$40,000

Interest rate of second investment=10.625%

5 0
3 years ago
Factors leading to the slow growth of demand for products in embryonic industries include all of the following EXCEPT: a. poorly
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customer passion for the products

3 0
3 years ago
Jermaine owns a rental home in Lake Tahoe and traveled there from his home in San Francisco for maintenance and repairs three ti
liraira [26]

Answer:

No answer is correct.

If we use the values set by the IRS for 2019, the total travel costs deduction = $290.58.

If we use the 2018 value, the total travel costs deduction = $273.05

Explanation:

The new mileage reduction set by the IRS for 2019 is 58 cents (up from 54.5 cents) per mile. Since Jermaine had to travel 3 times during the year and drove for 167 miles, his total deduction should be:

  • total travel costs deduction = 3 x 167 x $0.58 = $290.58

If we use the 2018 deduction rates, Jermaine's total travel deduction will be:

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3 0
3 years ago
The following amounts were taken from the financial statements of Crane Company: 2017 2016 Total assets $790000 $900000 Net sale
Oksanka [162]

Answer: 8%

Explanation:

Profit Margin = Net income / Net sales

2017 Net income ⇒ $54,400

2017 Net Sales ⇒ $680,000

Profit Margin₂₀₁₇ = 54,400/680,000

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8 0
3 years ago
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