Answer:
(a) The variable-cost components using the high-low method is $0.37.
(b) The fixed-cost components using the high-low method is $1,442.97.
Explanation:
Note: This question is not complete and the data in its are merged together. The complete question with the sorted data is therefore presented before answering the question as follows:
The controller of Sandhill Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.
Month Total Maintenance Costs Total Machine Hours
January $2,880 3,820
February 3,273 4,364
March 3,928 6,546
April 4,632 8,619
May 3,491 5,455
June 4,844 8,730
(a) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
(b) Determine the fixed-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
The explanation of the answer is now given as follows:
(a) Determine the variable-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
From the data given, the highest Total Maintenance Costs and Total Machine Hours in April, while the lowest are in January. Therefore, we have:
Variable cost per hour = (Highest Total Maintenance Costs - Lowest Total Maintenance Costs) / (Highest Total Machine Hours - Lowest Total Machine Hours = ($4,632 - $2,880) / (8,619 - 3,820) = $1,752 / 4,799 = 0.365076057511982
Rounding to 2 decimal places as required, we have:
Variable cost per hour = $0.37
Therefore, the variable-cost components using the high-low method is $0.37.
(b) Determine the fixed-cost components using the high-low method. (Round answer to 2 decimal places e.g. 2.25.)
Total cost = Total Fixed Cost + Total Variable Cost ................. (1)
Where;
Total Variable Cost = Variable cost per hour * Hours at a particular Total Maintenance Costs
Using highest levels of activity and substitute into equation (1), we have:
$4,632 = Total Fixed Cost - ($0.37 * 8,619)
Total Fixed Cost = $4,632 - ($0.37 * 8,619) = $4,632 - $3,189.03 = $1,442.97
Therefore, the fixed-cost components using the high-low method is $1,442.97.
documentation is necessary to establish educational accommodations. true or false
Answer:
True
Explanation:
The correct option to the statement will be true.
When accessibility is being used when talking about disabilities, it means the support that are given to the disabled students in order for them to have the same opportunities that the non-disabled students have.Documentation simply means the evidence or the official information which helps serve as a record.In order to establish educational accomodations, it should be noted that documentation is very important. When there is documentation in place, the students can be given an extension that will enable them do their assignments. They can also be given notes and there can be a reduction in the number of test questions that they're given.In conclusion, the correct option is True.
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The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete against each other; shows that there is no winner respond to prices; determines the price compete against each other; determines the winner determine the price; shows how they respond to prices
Answer:
The correct answer is the second option: respond to prices; determines the price.
So the final statement will be:
The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.
Explanation:
To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.
The first step in the human resources planning process is to __________
The first step in the human resources planning process is to forecast future human resource needs.
On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,286,574 1 370,000 377,194 7,194 6,293,768 2 370,000 377,626 7,626 6,301,394 3 370,000 378,084 8,084 6,309,478 4 370,000 378,569 8,569 6,318,047 5 370,000 379,083 9,083 6,327,130 6 370,000 379,628 9,628 6,336,758 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 370,000 432,132 62,132 7,264,327 39 370,000 435,860 65,860 7,330,187 40 370,000 439,813 69,813 7,400,000 Required: 1. What is the face amount of the bonds
Answer:
The face amount of the bonds is $7,400,000
Explanation:
The face value or amount of the bonds is the amount that is repaid to the bondholder at the end of the maturity period. The face amount is usually stated on the bond certificate when issued, and the issuer of the bonds is expected to pay this amount at maturity. The amortization schedule of the bonds shows how the interest expense and payments are made and the amortization of either premiums or discounts on the bonds. It helps the issuer to account for the instrument over the maturity period.
On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.
Answer:
No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.
Good Economy vs. Bad Economy:
During which economy will you find the best loan rates?
Answer:
Bad Economy
Explanation:
Lower interest rates
Profit margin measures the relation of debt to assets.
True or false?
Answer:
it is false
Profit margin measures the relation of debt to assets. FALSE
Profit margin measures the relation of debt to assets, the given statement is false.
What is profit margin?The profit margin ratio, also known as the return on sales ratio or gross profit ratio, is a measure of profitability that evaluates the relationship between a company's net income and net sales to determine how much net income is made for every dollar of sales produced.
This ratio is used by creditors and investors to assess how well a company can turn revenues into net profits. A business with a very low profit margin would imply that spending are out of control and that management should budget and make cost reductions.
The profit margin ratio can be determined by dividing net income by net sales.
Hence, False is an appropriate response.
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What is a pull quote, and how is it displayed in Microsoft Word?
Answer:b
Explanation:
gg
You are in the market for a used car and decide to visit a used-car dealership. You know that the Blue Book value of the car you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay
Answer:
$22,000
Explanation:
In this case, both you and the dealer have the same information about the car, meaning that information is symmetrically distributed. Since the value of the car is between $20,000 and $24,000, you should be willing to pay ($20,000 + $24,000) / 2 = $22,000
If the car dealer had more information than you, then you should be willing to pay the lower price $20,000.
To be able to explain and defend their ideas objectively to others, individuals usually need to have effective __________ skills
***I WILL GIVE BRAINLIEST*****
Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *
Answer:
His thinking does NOT have a ethical componet.
HISELF is most affected by his conduct.
Answer:
C
Explanation:
im him
Frank and Marion, husband and wife, file separate returns. Frank and Marion live in a common law state. Frank's salary is $42,000 and Marion's salary is $46,000. Marion receives dividend income of $4,000 from stock inherited from her parents. Frank receives interest income of $1,000 from bonds purchased with his salary after marriage. Frank and Marion receive $3,200 dividend income from stock they purchased jointly. Marion's income would be
Answer:
$50,100
Explanation:
Calculation for what Marion's income would be
Marion's salary $46,000
Add Dividend income $4,000
Add Joint Dividend income $1,600
(3,200/2)
Marion's income $50,100
($46,000 + $4,000 + $1,600)
Therefore Marion's income would be $50,100
A company had the following purchases and sales during its first year of operations: Purchases Sales January: 10 units at $120 6 units February: 20 units at $125 5 units May: 15 units at $130 9 units September: 12 units at $135 8 units November: 10 units at $140 13 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual FIFO inventory valuation method, what is the cost of the ending inventory
Answer:
$3540.
Explanation:
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
Ending inventory comprises of goods bought in May, September and November
cost of the ending inventory :
(4 x $130) + (12 x $135) + (10 x$140) = $3540
Two firms decide whether to launch a new product: (i) If both firms choose to launch a new product, then each firm will receive $40 million due to incurring new expenses; (ii) if just one firm chooses to launch a new product, the firm launching a new product grabs market share from the other firm, and will receive $30 million, while the other firm which chooses not to launch will receive $45 million; (iii) if neither firm choose to launch a new product, then each firm will receive $50 million from current market. Assume both firms wants to maximize its revenue, so what will be their best move
Answer:
don't launch
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
The payoff matrix for this question is
Launch (in millions) Don't Launch (in millions)
Launch (in millions) $40, $40 $30, $45
Don't Launch (in millions) $45, $30 $50, $50
It can be seen that the best strategy for each firm is not to launch because the payoffs of not launching ($45, $50) is greater than the payoff of launching ($40, $30)
Please help meeeeeee
What types of home products are manufactured in your locality? Write with examples..
Answer:
•product adjustment/modification
•product positioning and repositioning
•product line extensions
•product line breadth
•product line depth
•product line in services
What are 2 tools you can use to identify possible issues in quickbooks online company
Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.
The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.
Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:
Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etcQuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.
Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.
Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.
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Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.
Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems
Answer:
Unter Components
If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:
= 8,640 hours.
Explanation:
a) Data and Calculations:
Product Lines Star100 Star150
Direct materials $ 55 $ 65
Direct labor 24 30
Variable overhead 10 15
Fixed overhead 80 110
Total cost per unit $ 169 $ 220
Price $ 280 $ 380
Units sold 4,000 2,000
Average wage rate is $15 per hour
Product Lines Star100 Star150
Hours to make one unit 1.6 hours 2 hours ($24/15 and $30/$15)
Special offer by a nationwide car-sharing service:
Systems to buy 2,400 2,400
Offered price $190 $240
Hours to make systems 3,840 4,800
(2,400 *1.6 hours and 2,400 *2 hours)
Total hours required to make both systems = 8,640 hours (3,840 + 4,800)
The difference between pretax accounting income and taxable income is due to subscription revenue for one-year magazine subscriptions being reported for tax purposes in the year received, but reported in the income statement in later years when the performance obligation is satisfied. The income tax rate is 25% each year. Times-Roman anticipates profitable operations in the future.
Question Completion:
Times-Roman Publishing Company reports the following amounts in its first three years of operation: ($ in 000s) Pretax accounting income Taxable income 2018 2019 2020 S340 $320 $310 380 330 350
Required:
1. What is the balance sheet account for which a temporary difference is created by this situation?
2. For each year, indicate the cumulative amount of the temporary difference at year-end. (Enter your answers in thousands.)
3. Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability? (Enter your answers in thousands.)
Answer:
Times-Roman Publishing Company
1. The balance sheet account for which a temporary difference is created by this situation is the Deferred Subscription Revenue.
2. Cumulative amount of the temporary difference at year-end:
December 31, ($ in 000s) 2018 2019 2020
Cumulative Temporary Difference $40 $50 $90
3. The balance in the related deferred tax account for each year:
December 31, ($ in 000s) 2018 2019 2020
Deferred Tax Asset (Liability) $10 $2.5 $10
They are all deferred tax assets.
Explanation:
a) Data and Calculations:
December 31, ($ in 000s) 2018 2019 2020
Pretax accounting income $340 $320 $310
Taxable income 380 330 350
Temporary Difference $40 $10 $40
Cumulative Temporary Difference $40 $50 $90
Deferred Tax Asset (Liability) $10 $2.5 $10
a) A deferred tax asset arises from the overpayment or advance payment of taxes as a result of the temporary differences between the accounting income and the taxable income. On the other hand, a deferred tax liability arises from the underpayment of taxes as a result of the temporary differences between accounting income and taxable income.
DO
include a signature.
Don't
include lots of exclamation marks to get your point across.
DO
include the thread of previous messages.
Do
make e-mail messages brief.
Don't
mark messages as urgent so your e-mails will be read first.
Do
use a relevant subject line.
Do
use all capital letters when the message is urgent.
Answer:ok
Explanation:
sales has being overcast by 5000
Answer:
When sales are overcast, it means that the amount of credit sales recorded is higher than the actual amount of credit sales made.
To fix this, send the overcasted amount to the Suspense account and debit the Sales account.
Date Account Title Debit Credit
Sales $5,000
Suspense a/c $5,000
The term for distributing merchandise from the manufacturer to retail locations is called
Exclusive Distribution. strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographic area
The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
What is an allocation?Allocation is the distribution of the product to the other location.
Since when the merchandise is distributed from the manufacturer to retail locations so this we called as an allocation.
hence, The term for distributing merchandise from the manufacturer to retail locations is called an allocation.
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what is the solutions of emotional differences?
Explanation:
In the work environment there are people with different personality profiles, so some routine work-related situations can end up generating some emotional barriers in organizations, such as communication difficulties, personal conflicts, stress, anger, anguish, etc.
Therefore, some solutions can be useful to reduce the impact of emotional barriers, such as not discussing with other co-workers and seeking an assertive and ethical communication that does not disrespect the individual values of each one. For managers, it is necessary to seek the development of communication skills, providing feedback so that there are no misunderstandings that can lead to conflicts.
When a product is a ______, the more ______ its demand.
Answer:
oil
Explanation:
what's the context, what are the possible options for input?
The way you have the question now is super vague and unanswerable
Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%
Answer:
$908,551
Explanation:
Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth
Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000
Present value of the technology = ($158,335/7.78%)/2.24
Present value of the technology = $2035154.241645244 / 2.24
Present value of the technology = $908551.000734483
Present value of the technology = $908,551
Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for ________.multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore ________.multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________.multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income
Answer:
The Differences between Absorption Costing and Variable Costing
1. variable overhead costs
2. variable and fixed cost distinctions
3. greater than absorption costing net operating income
Explanation:
Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods. Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.
Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold $ 92,750 Work in process inventory, January 1, 2016 23,600 Work in process inventory, December 31, 2016 18,750 Selling and Administrative Expenses 22,800 Net Income 38,500 Factory overhead 22,550 Direct materials inventory, January 1, 2016 29,400 Direct materials inventory, December 31, 2016 16,125 Cost of goods manufactured 112,450 Finished goods inventory, January 1, 2016 38,225 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used?
Answer:
$28,675 = direct materials used
Explanation:
To calculate the direct material used, we need to use the following formula:
Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP
112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750
112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used
$28,675 = direct materials used
8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,000 14,000 16,000 The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in material Required: • Prepare production budget. • Prepare direct material budget.
Answer:
Results are below.
Explanation:
First, we need to determine the production budget using the following formula:
Production= sales + desired ending inventory - beginning inventory
Quarter 1:
Production= 10,000 + (0.25*12,000) - 2,500
Production= 10,500
Quarter 2:
Production= 12,000 + (0.25*14,000) - 3,000
Production= 12,500
Quarter 3:
Production= 14,000 + (0.25*16,000) - 3,500
Production= 14,500
Quarter 4:
Production= 16,000 - 4,000
Production= 12,000
Now, the direct material purchase budget:
Purchases= production + desired ending inventory - beginning inventory
Quarter 1:
Purchase= 10,500*4 + (12,500*0.1) - 4,200
Purchase= 39,050 pounds
Quarter 2:
Purchase= 12,500*4 + (14,500*0.1) - 1,250
Purchase= 50,200 pounds
Quarter 3:
Purchase= 14,500*4 + (12,000*0.1) - 1,450
Purchase= 57,750 pounds
Quarter 4:
Purchase= 12,000*4 - 1,200
Purchase= 46,800 pounds
A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,250,000 Net sales 3,100,000 On December 31, a physical inventory determined that ending inventory of $600,000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory
Answer:
add all them and there u go
Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30% hope that helps
If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?
Answer:
The new productivity is "29.17 boxes per hour". A further solution is provided below.
Explanation:
The given number of boxes,
= 700 boxes
After the change in the work rule,
The productivity will be:
= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]
= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]
= [tex]29.17 \ boxes \ per \ hr[/tex]