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
Lady bird [3.3K]
3 years ago
9

The following information is available regarding the total manufacturing overhead of Olsen Company for a recent four-month perio

d. Machine Hours Mfg. Overhead April 90,000 $ 170,000 May 80,000 $ 153,000 June 110,000 $ 198,000 July 95,000 $ 181,000 Using the high-low method, compute the fixed element of Olsen's
Business
1 answer:
Eduardwww [97]3 years ago
6 0

Answer:

$33,000

Explanation:

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

Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)

= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)

= $45,000 ÷ 30,000 hours

= $1.5

Now the fixed cost is

= High manufacturing overhead cost - (High machine hours × Variable cost per hour)

= $198,000 - (110,000 hours × $1.5)

= $198,000 - $165,000

= $33,000

You might be interested in
Successfulness of the competition policy in South Africa​
Gwar [14]

Answer:

Five examples that support successfulness of the competition policy of South Africa are: 1) The product choices along with its competitive prices were provided to the consumers. 2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

Explanation:

8 0
3 years ago
A young couple is planning for the education of their two children. They plan to invest the same amount of money at the end of e
laila [671]

Answer:

The couple must save $ 6,598 each year

Explanation:

Calculating the payment amount:

Cost per year = $25,000 per each child

Cost for 4 years = $25,000 × 4 = $100,000

For the oldest child, the college will begin in 16 years and the second child the college will begin in 18 years.

Calculating the amount to be deposited each year for the oldest child.

Using Microsoft Excel PMT function  

Rate = 8%

N = 16

PV = 0

FV = -100000

= $3,298

Therefore, they must deposit $3,298 each year for their oldest child.

Calculating the amount to be deposited each year for the second child:

Using Microsoft Excel PMT function  

Rate = 8%

N = 18

PV = 0

FV = -100000

= $2,670

Therefore, they must deposit $2,670 each year for their second child.

Total sum to be saved per year = $3,298 + $2,670 = $6,598

6 0
3 years ago
Suppose a country without any international trade opens its borders to international trade. after specialization how will its lo
Zanzabum
<span>Opening up to international trade would lead a country to increasing its production and specialization of goods. For example, if a country opens international trade and some factories are making a household appliance, the instructions would need to be in the trade countries languages as well as the native language. The number of household appliances made would need to be increased to meet the growing need.</span>
3 0
3 years ago
Skip Company produces a product called Lem. The standard direct material cost to produce one unit of Lem is four quarts of raw m
Lady bird [3.3K]

Answer:

TD Bank of America joined the coded by the

5 0
2 years ago
Hawk Corporation begins making and selling motorcycles in 2000 under the mark "Hawk." Ten years later, Hawk, Inc., a different c
cluponka [151]

Hawk corporation can not stop Hawk's use of Hawk because the motorcycles can not be confused with medicines and it will cause any monetary damage.

<u>Explanation:</u>

Trademarks possibly apply if the basic name creates turmoil in the brain of the customer. Since bikes can't be mistaken for clinical gear, the bike producer won't have the option to persuade an appointed authority that there are money related harms.

Subsequently, any endeavor to recuperate harms from the clinical stock organization will be a complete exercise in futility because the other trade mark is used by a firm making medicine which has no link with motorcycles.

5 0
3 years ago
Other questions:
  • At May 1, 2022, Nash's Trading Post, LLC had beginning inventory consisting of 220 units with a unit cost of $5. During May, the
    9·1 answer
  • Do you believe the cash flows from investing activities should include not only the return of investment, but also the return on
    6·1 answer
  • Mauro Products distributes a single product, a woven basket whose selling price is $13 per unit and whose variable expense is $1
    12·1 answer
  • Which element of the Word window allows a user to see the size percentage, number of pages, and number of words in the document?
    13·2 answers
  • George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits unti
    10·1 answer
  • On January 1, 2018, Chamberlain Corporation pays $550,000 for an 80% ownership in Neville. Annual excess fair-value amortization
    9·1 answer
  • Which of the following best illustrates the purpose of labor laws?
    6·1 answer
  • Which of the following survey response methods is the most difficult for researchers to code for evaluation:
    13·1 answer
  • Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul
    7·1 answer
  • Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!