1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill [66]
3 years ago
9

Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 906 $ 16,3

12 May 951 $ 16,700 June 912 $ 16,365 July 896 $ 16,210 August 918 $ 16,394 September 903 $ 16,280 October 920 $ 16,432 November 860 $ 15,850 December 899 $ 16,238 Management believes that inspection cost is a mixed cost that depends on units produced. Using the high-low method, the estimate of the fixed component of inspection cost per month is closest to:
Business
1 answer:
-Dominant- [34]3 years ago
7 0

Answer:

$7,816.9943

Explanation:

Using the high-low method;variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

= $16,700 - $15,850 / 951 - 860

= $850 / 91

= $9.340659340659341

= $9.3407

Hence, total fixed cost = $16,700 - ($9.3407*951) = $16,700 - $8,883.0057 = $7,816.9943

You might be interested in
Which of the following statements is true of personnel management during the 1930s and 1940s?a. It was concerned almost exclusiv
dimaraw [331]

Answer: It was concerned almost exclusively with hiring first-line employees.

Explanation:

Personnel management has to do with the planning, integration, compensation, and maintainance of employees to achieve Individual or organizational goals.

Recently, personnel management is now called human resources management. Before then, personnel management during the 1930s and 1940s was concerned almost exclusively with hiring first-line employees who worked on issues relating to the company's future and achieving the company's goals

5 0
3 years ago
The current account includes __________. a. the export and import of goods and services. b. all purchases and sales of assets su
umka2103 [35]

Answer:

A. The export and import of goods and services

Explanation:

The current account refers to the trade balance of a country. It is the record of a country's transactions with the rest of the world.

Current account includes imports and exports of goods and services, payments made to foreign investors, and transfers such as foreign aid.

The current account of a country can either be a surplus (positive) or a deficit (negative).

Surplus current account is when a country's export is greater than its import.

Deficit current account is when a country's export is less than its import.

Import refers a situation where a country buys goods from another country.

Export refers to a situation where a country sells to other countries of the world.

The current account is a part of the balance of payments, the other part is the capital or financial account.

Financial/capital account measures cross-border investments in financial instruments and changes in central bank reserves.

6 0
4 years ago
How is a line of credit similar to a credit card
xxMikexx [17]
They both have preset limits
8 0
3 years ago
Youve got your budget, credit history and savings in order. Whats the nest step
Ksenya-84 [330]
Try to find a mortgage to buy a house
8 0
4 years ago
A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month.
Gennadij [26K]

Answer:

a. 1.51 containers

b. Fewer

Explanation:

The computations are shown below:

a. The number of containers would be

= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces

= 70 × 0.75 × (1 + 0.15) ÷ 40

= 1.51 containers

The time is converted from minutes to hour i.e 45 minutes ÷ 60 minutes = 0.75

b. If the system improves, the fewer containers are required i.e 2 containers approximate because inefficiency factor got decreased

6 0
4 years ago
Other questions:
  • Slapshot Company makes ice hockey sticks. During the month of June, 1,900 sticks were completed at a cost of goods manufactured
    5·1 answer
  • 5. Owes First National Bank $350 (Accounts Payable) A. Asset C. Both B. Liability D. Neither
    13·1 answer
  • The article discusses three core financial implications of the business model. What are the three core financial implications, a
    14·1 answer
  • In Econland autonomous consumption equals 700, the marginal propensity to consume equals 0.80, net taxes are fixed at 50, planne
    11·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    8·1 answer
  • Matthias Corp. had the following foreign currency transactions during 2017:
    15·1 answer
  • Sales $ 100,000 Operating expenses $ 94,000 Operating assets $ 40,000 Stockholder's equity $ 25,000 Cost of capital 10 % What is
    13·1 answer
  • Prepare the schedule of cost of goods manufactured for Barton Company using the following information.
    15·1 answer
  • Cora purchased a hotel building on May 17,.2018, for $3,000,000. Determine the cost recovery deduction for 2019.
    13·1 answer
  • identify the early developments in europe as having either contributed or not contributed to the rise of industrial wage labor.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!