Answer:
Results are below.
Explanation:
Giving the following information:
Month Number of instruments used Total autoclave cost
January 634 $7,466
February 534 6,526
March 734 7,148
April 934 9,028
May 834 7,744
June 1,034 8,596
July 1,234 10,009
August 1,134 9,924
<u>To determine the fixed and variable cost, we need to use the high-low method:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (10,009 - 6,526) / (1,234 - 534 )
Variable cost per unit= $4.9757 per unit
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 10,009 - (4.9757*1,234)
Fixed costs= $3,869
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 6,526 - (4.9757*534)
Fixed costs= $3,869
Total cost= 3,869 + 4.9757x
x= number of instruments
Answer:
$15
Explanation:
Average fixed cost = Total fixed cost / quantity
Total fixed cost = Total cost - Total variable cost
= $150,000 - $75,000 = $75,000
Average fixed cost = $75,000 /5000 = $15
I hope my answer helps you
Answer:
Monthly deposit= $840.74
Explanation:
Giving the following information:
Number of periods= 26*12= 312 months
Future Value= $1,500,000
Interste rate= 0.11/12= 0.0092
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,500,000*0.0092) / [(1.0092^312) - 1]
A= $840.74