Fixed assets includes the following, EXCEPT

Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.60 per mile driven. Joyce has determined that if

kotykmax [81]

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per mile = (High Operating cost - low operating cost) ÷ (High miles - low miles)

= ($845 - $625) ÷ (3,350 miles - 2,250 miles)

= $220 ÷ 1,100 miles

= $0.2 per miles

Now the fixed cost equal to

= High operating cost - (High miles × Variable cost per miles)

= $845 - (3,350 miles × $0.2 per miles)

= $845 - $670

= $175

And, the contribution margin income statement is presented below:

Sales (1,400 × $0.6) $840

Less: Variable cost (1,400 × $0.2) ($280)

Contribution margin $560

Less: Fixed cost ($175)

Net operating income $385

5 0

3 years ago

Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year a

ser-zykov [4K]

Answer and Explanation:

As per the data given in the question,

Calculation for direct material and equivalent conversion is presented below:

Particulars Materials Conversion cost

Units (a) % of completion (b) Equivalent units (a ×b) % of completion (d) Equivalent units (a × d)

Beginning WIP 6,000 units 0% 0 50%

3,000 units

Completed units 76,200 units 100% 76,200 100%

76,200 units

Ending WIP 4,600 units 100% 4,600 units 65%

2,990 units

Total 86,800 units 80,800 units

82,190 units

Working notes

1. The 50% is considered as 50% is beginning work in process so the remaining would be considered

2. The 76,200 units is come from

= 82,200 units - 6,000 units

= 76,200 units

3. And at last we total beginning WIP + completed units and ending WIP

8 0

3 years ago

Kallard Manufacturing Company produces t-shirts screen-printed with the logos of various sports teams. Each shirt is priced at $

Varvara68 [4.7K]

Answer:

You would need to sell 54,137 units in order to cover your fixed costs

Explanation:

7 0

3 years ago

the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable a

melisa1 [442]

It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

<h3>What do you mean by information age?</h3>

The concept of the "Information Age" holds that having access to and control over information characterizes the current phase of human civilization. This is the Information Age. The world as we know it today is a product of all the eras from the Stone Age to the Industrial Revolution.

Hence, It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

learn more about information age:

brainly.com/question/13455564

#SPJ4

"Your question is incomplete, probably the complete question/missing part is:"

TRUE OR FALSE: the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

4 0

1 year ago

High levels of unemployment combined with high levels of inflation could indicate that the business cycle has entered into a per

Alexxandr [17]

Stagflation, it is an economic cycle characterized by slow growth and a high unemployment rate accompanied by inflation.

5 0

1 year ago