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mr_godi [17]
2 years ago
9

he controller of Wildhorse Industries has collected the following monthly expense data for use in analyzing the cost behavior of

maintenance costs. Month Total Maintenance Costs Total Machine Hours January $2,925 3,880 February 3,324 4,432 March 3,989 6,648 April 4,986 8,753 May 3,546 5,540 June 5,420 8,870 (a1) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.) Variable cost per machine hour $
Business
1 answer:
Solnce55 [7]2 years ago
5 0

Answer:

Variable cost per unit= $0.5

Explanation:

<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,420 - 2,925) / (8,870 - 3,880)

Variable cost per unit= $0.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 5,420 - (0.5*8,870)

Fixed costs= $985

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,925 - (0.5*3,880)

Fixed costs= $985

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4 0
3 years ago
Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels a
zvonat [6]

The total profit that Brenda's Board company earns after selling 100 skateboards is $3000 .

The formula for profit = Revenue - Production cost

<h3>Further explanation </h3>

Many terms that we usually use in the business or accounting including:

1. Revenue is the income that business made, usually from selling products or services to customers.

2. Production cost is the total expenses used for manufacturing, this cost includes raw material, overhead, and labor  

3. Profit is the amount that earns after the total cost of producing goods or offering services deducted from its revenue.  

From the case above, we know that Brenda’s Boards sells the skateboard for $45 each.

The total cost for making one skateboard is $15, this cost by adding up all the production cost or the expenses

= The wheels and mounts + plastic board + paint + labor = $3+ $1 + $1 + $10 = $15

Using the formula and the information above we can calculate the profit for 100 skateboards:  

Total revenue = $45 x 100 = $ 4500

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Profit = Revenue - Production cost (expenses) = $4500 - $1500 = $3000

<h3>Learn more </h3>

Profit-sharing plan brainly.com/question/1494270

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Production cost brainly.com/question/1176751

Keywords: business profit, revenue, production cost, business expenses

3 0
3 years ago
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A ________ nation is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs
kirill [66]
The answer to the nation who is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs and benefits is the rogue nation. Also the rogue nation does not respect other nations and even the other countries in its international actions.
8 0
3 years ago
Among the important characteristics of market efficiency is (are) that: I. There are no arbitrage opportunities. II. Security pr
algol [13]

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D

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Among the important characteristics of market efficiency is (are) that:

1. There are no arbitrage opportunities;

2. Security prices react quickly to new information; and

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4 0
3 years ago
The standard cost card for a product indicates that one unit of the product requires 8 kilograms of a raw material at $0.80 per
Alenkasestr [34]

Answer:

C

Explanation:

Material price variance

Actual cost of materials =$ 6,888

Standard cost of material = 8200*0.8 =$6560

Variance ( Difference between the actual and budgeted price for materials)

= (6888-6560)

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Material quantity variance

Standard material per unit = 8 kilogram

Actual units produced = 870

Standard material = 6960

Actual material used =  7150

Material quantity variance = Difference in quantity of material used multiplied by the standard cost of material (7150-6960)*0.8

=$ 152 unfavorable variance

The two variances are unfavorable as they exceeded the budget

4 0
3 years ago
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