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zavuch27 [327]
3 years ago
5

Brief Exercise 18-5 a1-a2 Ivanhoe Corp. has collected the following data concerning its maintenance costs for the past 6 months.

Units Produced Total Cost July 18,700 $39,712 August 33,344 50,016 September 37,512 57,310 October 22,924 40,126 November 41,680 77,629 December 39,596 64,604 (a1) Compute the variable cost per unit using the high-low method.
Business
1 answer:
IrinaK [193]3 years ago
4 0

Answer:

a, the variable cost per unit using the high-low method is $1.65

Explanation:

a. The computation of the variable cost per unit using the high low method is shown below:

= (HIgh cost - low cost) ÷ (high units - low units)

= ($77,629 - $39,712) ÷ (41,680 units - 18,700 units)

= ($37,917) ÷ (22,980 units)

= $1.65

Hence, the variable cost per unit using the high-low method is $1.65

The same would be considered by applying the above formula so that the correct value could come

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Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by
Art [367]

Answer:

$80 million

Explanation:

We know that

Multiplier = (1) ÷ (1 - marginal propensity to consume)

                = (1) ÷ (1 - 0.75)

                = (1) ÷ (0.25)

                = 4

Now the GDP would increase by

= Increase in  Investment spending × multiplier effect

= $20 billion × 4

= $80 million increase

We simply multiplied the investment spending increase with the multiplier effect

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Zolol [24]
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3 years ago
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Gwar [14]
Answer
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Explanation
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3 0
3 years ago
Read 2 more answers
(Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and
Kruka [31]

Answer: The nonrefundable $20 ticket is the sunk cost.

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Hence, the $20 is the sunk cost because it has already been incurred and cannot be recovered, while the $10 for gas and wear and tear, and $5 for parking are the prospective costs that will be avoided.

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Montano1993 [528]
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