Answer:
$50.57 ; $175,573.6
Explanation:
The computation of the fixed and variable portions of overhead costs based on machine-hours using high low method is shown below:
Variable cost per hour = (High Overhead cost - low overhead cost) ÷ (High machine hours - low service hours)
= ($581,145 - $503,775) ÷ (8,020 hours - 6,490 hours)
= $77,370 ÷ 1,530 hours
= $50.57
Now the fixed cost equal to
= High overhead cost - (High machine hours × Variable cost per hour)
= $581,145 - (8,020 hours × $50.57)
= $581,145 - $405,571.4
= $175,573.60
Answer:
D
Explanation:
Economic theory provides economists with a common language and way of thinking about how the world works
Is a set of definitions, postulates, and principles assembled in manner that helps make cause-and-effect relationships clear in economics?
Is like a guidebook in that it points out what to look for
Answer:
The firm’s cash flow to creditors during 2018 is -$85,000
Explanation:
The steps to compute the firm’s cash flow to creditors during 2018 is shown below:
Step 1: First the new debt is need to be calculated
Step 2: The step 1 amount is subtracted from interest expense amount. And Finally, the cash flow to creditors came
where,
Increase debt = 2018 long term debt - 2017 long term debt
= $2.21 million - $1.87 million
= 0.34 million = $3,40,000
Now,
Cash flow to creditors = Interest expense - Increase debt
= $255,000 - $3,40,000
= -$85,000
Thus, the firm’s cash flow to creditors during 2018 is -$85,000
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
<h3>
What is the exchange rate?</h3>
- An exchange rate is a rate at which one currency is exchanged for another in finance.
- Currencies are most typically national currencies, although they can also be sub-national, as in Hong Kong, or supra-national, as in the euro.
- The value of one country's currency in respect to another currency is also referred to as the exchange rate.
- Other things remain constant, if the exchange rate increases from 20 pesos to 30 pesos, the dollar appreciates and buys more Mexican items.
Therefore, other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar (A) appreciates and buys more Mexican goods.
Know more about exchange rates here:
brainly.com/question/2202418
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The correct question is given below:
Other things are the same, if the exchange rate changes from 20 pesos per dollar to 30 pesos per dollar, then the dollar ________.
The group of answer choices
(A) appreciates and buys more Mexican goods.
(B) appreciates and buys fewer Mexican goods.
(C) depreciates and buys more Mexican goods.
(D) depreciates and buys fewer Mexican goods.
Budgeted direct materials quantity
4000 pounds
Actual direct materials quantity
4500 pounds
Direct materials quantity variance
4500-4000=500 pounds ( underapplied)
