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Anton [14]
3 years ago
7

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the

company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:Month - Utilities($) - Machine HoursJanuary - 8,700 - 800February - 8,360 - 720March - 8,950 - 810April - 9.360 - 920May - 9.625 - 950June - 9,150 - 900 The fixed utilities cost per month for Barkoff is: A) $4,400. B) $5,1 00. C) $4,760. D) $3,764. E) None of the answers is correct.
Business
1 answer:
allochka39001 [22]3 years ago
7 0

Answer:

See below.

Explanation:

Lets first calculate variable cost per unit using the highest and lowest activities,

Highest Activity 950 hours $9625 cost in month of May

Lowest activity 720  hours $8360 cost in month of February

Variable cost / unit

= (High activity cost - low activity cost) / (High activity hours - low activity hours)

Variable cost = (9625 - 8360) / (950-720)

Variable cost = $5.5/hour

We can compute the fixed element by multiplying variable cost by hours and subtracting from total cost corresponding to that activity level.

Fixed cost = 8360 - (5.5*720) = $4,400

Hope that helps.

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Setler [38]
C. When price is too high, people are less willing to purchase the good, so demand is lower when price is higher. (Demand curve is always slopping downwards as a result). As the price is high, producers are more willing to sell their goods (I.e. bonds) which will give them more money per unit good being sold. This will result in Quantity Supplied (Qs) being greater than Quantity Demanded (Qd), and so, there is a surplus of bonds in the market. This will cause a downward pressure to apply on price, so that Qd = Qs eventually.

Hope this helps!
8 0
4 years ago
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivabl
MrRa [10]

Answer:

Year 1 = 35.23 days

Year 2 = 44.64 days

Explanation:

Days' Sales Uncollected = Accounts receivable / Net Sales * Days

Year 1 = $64,000 / $663,000 * 365 days = 35.23 days

Year 2= $91,000 / $744,000 * 365 days = 44.64 days

4 0
3 years ago
Name a profession which typically includes an apprenticeship as part of its training program
garri49 [273]
Carpentry has apprenticeship programs.
8 0
3 years ago
2. Identify four skills that you will need to actively participate in meetings.​
ser-zykov [4K]

Answer:

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Explanation:

3 0
3 years ago
If a bank deposit will double in value in 18 years, the rule of 72 implies that the interest rate on the deposit must equal is a
arlik [135]

Answer:

b. 4 percent

Explanation:

According to the rule of 72, hte number of years required for an investment to be doubled can be obtained by dividing 72 by the interest rate (in percentage). If it takes 18 years for the investment to bouble in value, the interest rate is:

18=\frac{72}{i}\\i=4\%

The interest rate on the deposit is 4%.

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