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
Vilka [71]
3 years ago
7

Biblio Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its

manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the data, answer questions (1) through (3) that follow.
Month Number of Units Produced Total Cost
January 4,360 $65,600
February 225 $6,250
March 1,000 $15,000
April 5,475 $111,250
May 1,750 $32,500
June 3,015 $48,000
From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the High-Low Method. Recall that Total Costs = (Variable Cost Per Unit x Units Produced) + Fixed Cost. Complete the following table.
Total Fixed Cost Variable Cost per Unit
Business
1 answer:
tekilochka [14]3 years ago
8 0

Answer and Explanation:

The computation is given below:

As we know that

The Variable cost per unit is

= (Highest activity cost- Lowest activity cost) ÷ (Highest activity units- Lowest activity units)

Particulars              Total Cost Units

Highest units       111,250.00        5,475.00

Lowest units         6,250.00 225.00

Difference       105,000.00 5,250.00

Variable cost per unit                 20.00  

Now

Fixed cost= Highest activity cost- (Highest units × Variable cost per unit)

= $111,250 - (5475 × 20)

=  $1,750.00

You might be interested in
What is angelica's overall debt to credit ratio?
Schach [20]

Your Debt-to-Credit Ratio is Part of Your Credit Score. In the most basic terms, your debt-to-credit ratio — or credit utilization ratio, or balance-to-limit ratio — is the amount of debt you currently have, versus the amount of credit you have available.

6 0
3 years ago
Help marketing multiple choice which is it
Step2247 [10]
You collect information aboutvthe individual your working with
3 0
4 years ago
When other salespeople believe that a sales manager has valuable knowledge or skills in a given area, the sales manager is able
netineya [11]

Answer:

The correct answer is: expert power.

Explanation:

Expert power is power derived from the belief of workers that a manager or some other member of an organization has a high level of knowledge or some sort of unusual skills not acquired or displayed by other employees or coworkers of the company. This provides the skilled worker a certain influence at the moment of deciding workers of the same hierarchy.

6 0
4 years ago
Which situation shows OSHA's three-pronged approach to improving safety?
ra1l [238]
D is the correct answer according to AREA Alabama Electric Co-ops
3 0
3 years ago
Read 2 more answers
A benefit of monopoly for the business owner is
inessss [21]
<span>From the monopolist points of view the benefits are, holding 100% of the market, the ability to have a great influence on price and of course, no competition. 

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
</span>
6 0
4 years ago
Other questions:
  • Inez was content with her job at Pieces Packaging until the company added two levels of supervision, lowered bonuses, and decrea
    9·1 answer
  • Spade and Marcher Corp. manufactures and sells toy guns. These toy guns are a perfect imitation of real weapons. Inspired by Spa
    12·1 answer
  • If the liabilities of a business increased $83,000 during a period of time and the stockholders’ equity in the business decrease
    6·1 answer
  • The accounts listed below appeared in the December 31 trial balance of the Savard Theater.
    9·1 answer
  • A machine was purchased for $35,500, having a useful life of 10 years, and a residual value of $6,000. Compute the annual deprec
    15·1 answer
  • Larsen Company adds materials at the beginning of the process in Department 2. Data concerning the materials used in May product
    8·1 answer
  • Closing entries and a post-closing trial balance are steps in the accounting cycle that occur
    5·1 answer
  • Which method would interest groups most likely use to help shape public policy? enacting regulations to enforce their goals hiri
    9·1 answer
  • What is the irr of an investment that costs $18,500 and pays $5,250 a year for 5 years?
    9·1 answer
  • Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!