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yanalaym [24]
3 years ago
7

Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive

n 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer. Required: 1. Using the high-low method, estimate the variable operating cost per kilometer and the annual fixed operating cost associated with the fleet of trucks. 2. Express the variable and fixed costs in the form Y = a + bX. 3. If a truck were driven 80,000 kilometers during a year, what total operating cost would you expect to be incurred?
Business
1 answer:
11111nata11111 [884]3 years ago
3 0

Answer:

The answer is "4200"

Explanation:

Please find the complete question in the attached file:

Calculating the variable cost in km:

= \frac{(105,000 \times 0.114 - 70,000 \times 0.134)}{(35,000)} \\\\ = \frac{(11,970 - 9,380)}{(35,000)} \\\\ = \frac{2,590}{(35,000)} \\\\ =0.074

Calculating the fixed cost:

= (105,000 \times 0.114) - (105,000 \times 0.074) \\\\ = (11,970) - (7,770) \\\\=4,200

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Answer:

Amount of Check = $784

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Explanation:

given data

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Long Company returns  = $200

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n/30

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solution

we know here that Total Merchandise will be

Total Merchandise = Merchandise on account  - returns   ....................1

Total Merchandise = $1000 - $200

Total Merchandise = $800

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Amount of Check = Total Merchandise - Discount  

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4 0
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3 years ago
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t
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Answer and Explanation:

The amortization schedule is presented below:    

Date          Cash   Interest expense    Amortization Balance

                        A              B                           C = (A - B)

January 1, Year 1                                              $58,998

                                                                                                    D

End of Year 1 $3,944     $3,717                     $227                 $58,771

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End of Year 2  $3,944    $3,702.573            $241                 $58,530

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= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

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