Using the high-low method, the fixed cost is calculated ______. Multiple select question. by adding the total cost to the variable cost using either the high or low level of activity before the variable cost is calculated after the variable cost per unit is calculated

Answers

Answer 1

Answer:

is calculated after the variable cost per unit is calculated

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities, etc.

On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses, etc.

Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.

Answer 2

Using the high-low method, the fixed cost is calculated : After the variable cost per unit is calculated.

What is costing?

Costing refers to the measurement of the cost of production of goods and services whereby, the fixed costs and variable costs associated with production are examined.

Fixed costs are costs that do not vary with the level of output, while variable cost are cost that varies with the activity level.

Using the high-low method, the fixed cost can only be calculated after the variable cost (VC) per unit is calculated through the application of either the low or high level of activity.

Hence, using the high-low method, the fixed cost is calculated after the variable cost per unit is calculated.

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Related Questions

In the month of March the Chester Corporation received and delivered orders of 182,000 units at a price of $15.00 for revenue of $2.730mil for their product Cedar. Chester uses the accrual method of accounting and offers 30 day credit terms. By the end of May Chester had collected payments of $2.730mil for the March deliveries. How much of the collected $2.730mil should Chester show on the March 31st income statement and how much on the May 31st income statement?

Answers

If all units were delivered by March 31st based on revenue recognition rules app 2.730 is recognizedas revenue in March with Dr accounts receivable and credit revenue.

When the funds are collect in may the accounts receivable is cleared to cash/Bank

Dr Bank and Cr accounts receivable

How ever since Chester Corp offers only 30 day credit terms the receivable is 30 days late they can Charge late payment fees and recognize the late fees as revenue in May i.e. the month the late fees is recognized

Sophia is an undergraduate intern at her Senator's office in Washington, DC. She loves her job, as it
allows her to see the process of lawmaking up-close and in person. Her Senator has asked her to
prepare him for an upcoming meeting with lobbyists representing the pharmaceutical industry, who
would like to see legislation extending the term of drug patents beyond twenty years. Sophia's
research reveals that the twenty-year exclusivity period given to companies while a drug is patented
is hugely valuable, allowing the companies to reap billions of dollars in profit. Even as a patent nears
expiration, federal law makes it easy for drug companies to obtain a five-year extension on a patent
simply by making a few minor tweaks such as changing the delivery mechanism of a drug (faster or
slower dissolving), or by combining two drugs together. After a drug loses patent protection, it
becomes much easier for generic manufacturers to copy the drug, which causes the price of the drug
to plummet, making it much more affordable for people to buy
a
s
On the other hand, she learns that bringing a new drug to market takes roughly 14 years, at a cost of
$1.3 billion. For every drug that makes it to market, more than 50 other research programs will fail.
Even if the FDA approves a drug, only two out of 10 approved drugs will be profitable. Since 2006,
brand drugs have lost an estimated $60 billion in sales due to patent expirations. By 2015, this
number is expected to climb to $160 billion.
ency
gal
How should Sophia advise her senator? Why?

Answers

Sophia should advise her senator to consider all aspects of patents and the economic impact on producers and consumers, to benefit everyone equally.

According to the information found by Sophia, the senator must take into account the most important information for the meeting with representatives of the pharmaceutical industry. For example, she must take into account that currently pharmaceutical companies already have a long reservation of their patents of maximum of 25 years in which they recover the money invested and earn billions of dollars.

However, this is not enough because pharmaceutical companies also lose about 1.3 billion on some drugs. After all, only 2 out of 10 drugs put on the market are profitable.

According to the foregoing, it would be fair for pharmaceutical companies to extend the term of exclusivity of patents because this time would bring them greater profits that would balance the great possibilities of loss that they have with other research and with drugs that go on the market.

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Your food truck at City Park is open year-round, but your sales are highest in the summer. Which action should you take in deciding whether or not to buy a newer food truck

Answers

The action that should be taken in making the decision will be D. Model the scenarios based on the likelihood of receiving increased cash flow.

From the complete question, it should be noted that taking into account the city license and utility costs when making a decision isn't the appropriate thing to do in this case.

It's important to model the scenarios based on the likelihood of receiving increased cash flow. This will help in deciding whether or not to buy a newer food truck.

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Match the items according to their impact on aggregate demand (AD).

a. Increase AD
b. Decrease AD
c. will not change AD

1. A dramatic decline in the average price of houses.
2. An announcement by the central bank to maintain its existing monetary policy.
3. An increase in income tax, rates on individuals earning more than $450, 000 per year.
4. A dramatic improvement in the stock market, causing investors' wealth to rise.
5. A recession occurring in a trading partner's economy.

Answers

Answer:

A recession occurring in a trading partners economy

Suppose that you are in charge of an insurance company. Two kinds of people want insurance, healthy people who probably will not get sick this year and unhealthy people who probably will get sick this year. Healthy people expect to pay, on average, $4,000 on medical bills this year. Unhealthy people expect to pay, on average, $8,000 on medical bills this year. Consider these assumptions and then answer the problem.
(i) People will not pay more for insurance than they expect to pay in medical bills; people are risk neutral. As such, healthy people will not pay more than $4,000 for insurance, and sick people will not pay more than $8,000.
(ii) You want to insure as many people as possible, but you cannot charge less for insurance than you expect to pay out. If you do, you will go bankrupt, and you will not be able to pay the medical bills of some people who get sick.
(iii) People know whether they are healthy or unhealthy, but it is either impossible or illegal for you to know whether a person is healthy or unhealthy. This means that you cannot charge less to healthy people and more to sick people since you do not know which individuals fall into each group.
(iv) There are an equal number of healthy and unhealthy people.
How much will you charge for insurance in equilibrium, and who will buy insurance?
a. You charge $2,000 and everyone buys insurance.
b. You charge $3,000 and only unhealthy people buy insurance.
c. You charge $1,000 and everyone buys insurance.
d. You charge $1,000 and only healthy people buy insuran.
e. You charge $3,000 and everyone buys insurance.

Answers

The equilibrium premium, which balances the premiums charged to healthy and unhealthy people, charged for insurance under this scenario is e. You charge $3,000 and everyone buys insurance.

$3,000 will be affordable to both the healthy and the unhealthy.  This amount of premium will enable both classes to buy insurance.

It will not benefit the company to charge:

$2,000 and enable everyone to buy insurance$3,000 and enable only unhealthy people to get insurance$1,000 so that only the healthy people to buy insurance$1,000 because only healthy people buy insurance.

Thus, the insurance premium charged should be Option E.

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IRAC Briefing
CATE v. DOVER
What did the warranty section of the contract provide?
What type of warranty was involved in this case?
What is the issue in the case?
In whose favor did the court rule?

Answers

no se la verdad porque no se inglés si supiera inglés te hubiera ayudado

As a bank loan officer, you are considering a loan application by Endurance Sporting Goods. The company has provided you with the following information:

Cash $ 25,000
Account Receivable $45,000
Inventory $140,000
Fixed Assets $190,000
Current Liabilities $70,000
Long-Term Liabilities $90,000

Endurance Sporting Goods’ debt to owners' equity ratio (rounded to the nearest tenth of a percent) is

Answers

Endurance Sporting Goods’ debt to owners' equity ratio  is 66.7%.

First step is to calculate the Owner's Equity

Owner's Equity=Total Assets - Total Liabilities

Where:

Total Assets =$25,000 + $45,000 + $140,000 + $190,000

Total Assets = $400,000

Total Liabilities =$70,000 + $90,000

Total Liabilities=$160,000

Let plug in the formula

Owner's Equity=$400,000-$160,000

Owner's Equity=$240,000

Second step is to calculate debt to owners equity ratio using this formula

Debt to owners equity ratio= Debt (total Liabilities)/Owner's Equity

Let plug in the formula

Debt to owners equity ratio = $160,000/$240,000

Debt to owners equity ratio = 0.667×100

Debt to owners equity ratio= 66.7%

Inconclusion Endurance Sporting Goods’ debt to owners' equity ratio is 66.7%.

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What is the advantage of using agents and brokers when a firm does not have its own sales forces?


Agents and brokers have extensive knowledge of the needs of consumers.


Agents and brokers gather and sort information for online consumers.


Agents and brokers can act as e-intermediaries for internet sales.


Agents and brokers have extensive knowledge of the markets and merchandise.


Agents and brokers encourage syndicated selling.

Answers

The advantage of using agents and brokers when a firm does not have its own sales force is that the agents and brokers have extensive knowledge of the markets and merchandise. Hence, Option D is correct.

Who are the agents and brokers?

Brokers and agents are the people who are used by manufacturers for the possession of their goods in the market. They are the key source for such manufacturers who want to make their products easily available in the market.

The key role of the brokers and the agents is to bring in new buyers or clients for the company. They are hired by the companies as their representatives in front of the buyers.

As the agents and the brokers have a deep knowledge of the local market, it makes it easy for companies who do not have their own sales force to hire agents and brokers to sell their products in the market.

Therefore, Option D: Agents and brokers have extensive knowledge of the markets and merchandise.

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1. Cedric enters into a contract with Claudia to buy her house for $150,000. Claudia decides later not to sell
because she is so emotionally attached to the house. Cedric insists that he is entitled to the house. Cedric can
successfully sue for specific performance.

Answers

Answer:

True

Explanation:

Trust me

- identify changes and trends as a source of new enterprise ideas

Answers

Changes and trends are sources of new enterprise ideas. An example can be found in the advent of technology. The advent of internet-enabled devices has led to the growth of internet service providers. The use of headphones, Bluetooth devices, and other accessories has been borne because of new technologies that were not available some fifty years ago.

Changes in trends can lead to the birth of new businesses. Changes in weather condition that pose the risk of skin damage has led to the popularization of sunblocks.

Internet-enabled devices have also led to the introduction of enterprises that deal with gadgets accesories.

These examples show that changes and trends are sources of new enterprise ideas.

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Magnus was just reprimanded by his supervisor for sending personal emails and shopping online during company time. Magnus was reprimanded for:

Answers

Answer:

khana iridium 88 egg e

Explanation:

d run jdd

Classify the type of data analytics ​(descriptive, diagnostic,​ predictive, prescriptive, or adaptive and​ autonomous) being used in each of the following situations.a. McGowan Company provides managers with regular Key Performance Indicator (KPI) dashboards. b. Zerrot Corporation issues monthly revenue reports. c. Wheelson Company uses customer analytics and sales history to determine how to drive repeat purchases by customers. d. Courtyard Freight investigates the cause of slow shipments in the southeastern region. e. Medavoy Operations uses statistical software to forecast sales. f. Johnson Stores, Inc., drills down through data to find out which marketing activities were most effective in generating sales. g. Michelson Corporation uses machine learning, artificial intelligence, and algorithms to continually make decisions in real-time about which sales promotions to run in each market.

Answers

Based on the definitions of these data analytic types, the following are true:

a. Descriptive analysis b. Descriptive analysis c. Prescriptive analysis d. Diagnostic analysis e. Predictive analysis f. Diagnostic Analysis g. Adaptive and Autonomous analysis

Descriptive analysis works by showing an overview of the current situation in the company and so would work well for McGowan Company and Zerrot Corporation.

Prescriptive analysis offers solutions to help a company achieve a goal and so is best to describe Wheelson Company.

Diagnostic analysis allows for a company to find out what the real problem is in a situation so describes Courtyard Freight and Johnson Stores.

Predictive is used to predict future scenarios and so describes Medavoy Operations forecasting.

Adaptive and Autonomous use machine learning and artificial intelligence so this describes Michelson Corporation.

In conclusion, there are different types of data analytics that can be used.

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∫12cos(4θ)dθ= ? Solve the integral

Answers

The integral of [tex]\int\limits {12cos(4\theta )}\ is\ 3sin4\theta +C[/tex]

Integration is a way of adding parts to find the whole. Integration can be used to find areas, volumes, central points and many useful things.

[tex]\int\limits {12cos(4\theta )} \, d\theta\\\\ =12\int\limits {cos(4\theta )} \, d\theta\\\\=12(\frac{sin4\theta}{4}) +C\\\\=3sin4\theta +C[/tex]

Where C is the constant of integration

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explain element of business plan​

Answers

Answer:

mark me as brainlest plzz

Explanation:

It should include a mission statement, a brief history of your business, and the highlights of your company's growth, your product or service and a summary of future plans. It also should explain why you are seeking financing and information about your banking and currency investors.

Healthy Eating Corp. produces yogurt combined with added ingredients, such as nuts, granola, and chocolate chips. The company encourages its customers to share their ideas for new yogurt flavors and items to mix into the product on its website. Then, it allows users to vote on which flavor combination they like best in order to determine the combinations Healthy Eating Corp. will produce. Which digital marketing characteristic does this scenario best describe

Answers

The digital marketing characteristic that this scenario best describe is interactivity.

Interactivity can be defined as the process where by producer or manufacturer interact with their customers by seeking their customers opinion or feedback about their products

Companies sometimes makes use of Interactive digital  marketing so as to encourage their customers to share their product preference or ideas about what they think about their product.

Interactive digital  marketing is important as it help  manufactures to know their customers demand so as to meet their customers need thereby increasing sales and it as well help them to build rapport with their customers.

Inconclusion the digital marketing characteristic that this scenario best describe is interactivity.

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What should I make handmade for a Christmas gift

Answers

Answer:

it really depends on the person what is that person into like maybe draw one of theree favroite things paint them something thats all i can think of for homemade

Explanation:

Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?

a
Job security

b
Working hours

c
Location

d
Availability of benefits

Answers

Answer:

C

Explanation:

Do to the rEASON I FOUND ONLINE

The non-income factor for a potential job that would influence a person who values easy access to entertainment and culture is Location.

What do you mean by the job?

A job refers to the specific task that needs to be done as part of the routine of one's occupation for an agreed price.

The non-income factor for a potential job that would influence a person who values easy access to entertainment and culture is Location.

Therefore, C is the correct option.

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23-The journal entry to record a payment made on an installment note would include:
a. A debit to Installment Note Payable
b. A debit to Interest Expense
c. A credit to Cash
d. All the above

Answers

The answer would be A

most of the annual requirements for supplies and services are funded with procurement funds? true or falce

Answers

The statement that most of the annual requirements for supplies and services are funded procurement funds True.

In a project, there will always be annual requirements for supplies and services that is required to achieve the goals as regards the project.

Which means procurement funds, all necessary equipment as well as tools needed for the project would be gotten.

Therefore, to acquire all the annual requirements for supplies and services, procurement funds are needed to achieve this.

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3 true statements about recording journal entries in Quickbooks

Answers

Answer:

Explanation:

Journal entries allow you to correct inaccurate information in your accounting records or add transactions that you cannot add in other sections of the software, such as tax adjustments or depreciation expenses.

What are the 3 golden rules?

Golden Rules of Accounting

Debit the receiver, credit the giver.

Debit what comes in, credit what goes out.

Debit all expenses and losses and credit all incomes and gains.

Help me pls

Jin is an accountant who works for the national government, auditing the tax returns of large corporations. The pathway of the Government and Public Administration cluster that Jin works in is:

Question 13 options:

Public Management and Administration.


Revenue and Taxation.


Foreign Service.


Planning.

Answers

Revenue and Taxation department is the pathway of the Government and Public Administration cluster that Jin works in.

The department of the Revenue and Taxation is a pathway that exist under the  Public Administration.

The main role of the department of the Revenue and Taxation is to ensure collection of tax in the state, auditing of tax as well as remittance of tax revenue to the Federal coffers.

Hence, the Revenue and Taxation department is the pathway of the Government and Public Administration cluster that Jin works in.

Therefore, the Option B is correct.

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Answer:

Revenue and Taxation.

Explanation:

took the test

Marcus (20) attends State University and is a qualifying student for the purpose of the American Opportunity Tax Credit (AOTC). His parents will claim him as a dependent on their jointly-filed 2020 return. Their adjusted gross income is $125,000, and they paid $14,000 for Marcus' tuition during the year. What is the maximum AOTC Marcus' parents may be eligible to receive

Answers

The maximum AOTC that can be claimed by Andre’s parents is $2,500.

American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.

The full tax credit is allowed when modified adjusted gross income is $160,000 or less.

100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.

Maximum AOTC = $ 2000 + (0.25 × $2000)

Maximum AOTC = $2000 + $ 500

Maximum AOTC = $2500

Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.

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A firm purchased $120,000 worth of light general-purpose trucks. The operations of the trucks lead to annual income of $60,000 for years 1~4. These trucks were then sold for $20,000 at the end of year 4. Assume a 30% combined tax rate. With a 40% bonus depreciation plus MACRS depreciation, do the following.
(a) (10 pts) Calculate the before-tax IRR.
(b) (10 pts) Calculate the after-tax IRR.

Answers

The before-tax IRR is 37.93%

The after-tax IRR is 19.32%

The internal rate of return (IRR) is defined as the return rate on a project investment project over a periodic lifespan.

It is also referred to as the net present value of an investment project which is zero. It can be expressed by using the formula:

[tex]\mathbf{0= NPV \sum \limits ^{T}_{t=1} \dfrac{C_t}{(1+1RR)^t}- C_o}[/tex]

where;

[tex]\mathbf{C_t}[/tex] = net cash inflow for a time period (t)[tex]\mathbf{C_o=}[/tex] Total initial investment cost

(a)

For the before-tax IRR:

The cash outflow = $120000

Cash Inflow for the first three years = $60000

Cash inflow for the fourth year = $60000 + $20000 = $80000

Using the above formula, we have:

[tex]\mathbf{0 = \dfrac{60000}{(1+r)^1}+ \dfrac{60000}{(1+r)^2}+ \dfrac{60000}{(1+r)^3}+ \dfrac{80000}{(1+r)^4}}[/tex]

By solving the above equation:

r = 37.93%

(b)

For the after-tax IRR:

The cash outflow = $120000

Recall that:

Cash Inflow = Cash inflow × Tax rate

For the first three years; the cash inflow is:

[tex]\mathbf{=60000 -(60000\times 0.3) } \\ \\ \mathbf{ = 60000 -18000} \\ \\ \mathbf{ = 42000}[/tex]

For the fourth year, the cash inflow is

[tex]\mathbf{=80000 -(60000\times 0.3) } \\ \\ \mathbf{ = 80000 -18000} \\ \\ \mathbf{ = 62000}[/tex]

Using the above IRR formula:

[tex]\mathbf{0 = \dfrac{42000}{(1+r)^1}+ \dfrac{42000}{(1+r)^2}+ \dfrac{42000}{(1+r)^3}+ \dfrac{62000}{(1+r)^4}}[/tex]

By solving the above equation:

r = 19.32%

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Consider a hypothetical business problem of increased number of incidents and service requests raised by the users that was affecting the turnaround time at their IT help desk. Which tool set combination has the potential to provide the complete end to end solution

Answers

Based on the information given, the set of tools that will be used include kore ai, smart analysis, ikon, dynatrace, and remedy.

From the complete information, smart analytics simply means the process of collecting and analyzing data in order to help businesses make better decisions.

Dynatrace is also important as it provides a softwares platform that's based on artificial intelligence which will help achieve organizational goals.

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How will unemployment trends impact a person's professional career choice?

Answers

Answer:they can make them not want to work anymore

Explanation:

At a single-phase, multiple-channel service facility, customers arrive randomly. Statistical analysis of past data shows that the interarrival time has a mean of 20 minutes and a standard deviation of 4 minutes. The service time per customer has a mean of 15 minutes and a standard deviation of 5 minutes. The waiting cost is $200 per customer per hour. The server cost is $25 per server per hour. Assume general probability distribution and no buffer capacity restriction

Required:
a. Find the optimal number of servers to be employed to minimize the total of waiting and server costs.
b. Find the average waiting time and the average total time through the system for the optimal case.
c. Find the cost per hour, average waiting time, and average flow time for one server if the probability distributions for the interarrival time and service time are assumed to be exponential and the mean values remain the same. .

Answers

Cost per hour with one server = $ 59.00

Cost with 2 servers = $ 52.19

Cost with 2 servers = $ 75.40

Total cost with 2 servers is the lowest ($ 52.19). Therefore, two servers are optimal.

b) With 2 servers,

Average waiting time, Tq = 0.2188 minutes

Total time = Tq+p = 0.2188+15 = 15.2188 minutes

c) Arrival rate, \lambda = 60/20 = 3 per hour

Service rate, \mu = 60/15 = 4 per hour

Lq = \lambda 2/(\mu*(\mu-\lambda)) = 32/(4*(4-3)) = 2.25

Cost per hour = Lq*Cw+Cs = 2.25*200 + 25 = $ 475

Waiting time, Wq = Lq/\lambda = 2.25/3 = 0.75 hour = 45 min

Flow time = Wq+1/\mu = 0.75+1/4 = 1 hour = 60 min

What is fiscal regionalism?
O A. Hierarchical intergovernmental aid
O B. Horizontal intergovernmental aid
O C. Unfunded mandates
O D. None of these

Answers

Answer:

b

Explanation:

this message and deleting a great time to meet at all of you guys can do you want the other one to be honest with my resume is a bit and he will need anything to a few months

QUESTION 24
More communication is always better.
O True
O False

Answers

Answer:

true

Explanation:

Communication helps understanding people better removing misunderstanding and creating clarity of thoughts and expression.

A life-cycle fund holds assets designed to meet the needs of individuals who Group of answer choices will need funds for college costs in 2030 will retire at a particular age believes a recession is eminent plans to retire in 2050

Answers

It should be noted that life-cycle fund holds assets designed to meet the needs of the owner that want to retire at a particular age.

Life-cycle funds can be regarded as an asset-allocation funds, whereby there an adjustment is been done on share of each asset class as the retirement date of the owner is getting closer.

In this case, the percentage of bonds as well as the other fixed-income investments of the owner usually goes up.

Therefore, life-cycle fund is been referred to as assets so that some needs of the owner that is going to retire at a particular age.

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The data given below are from the accounting records of the Kuhn Corporation:
Net Income (accrual basis) $45,000
Depreciation Expense $9,000
Decrease in Accounts Payable $2,500
Decrease in Inventory $3,000
Increase in Bonds Payable $10,000
Sale of Common Stock for cash $30,000
Increase in Accounts Receivable $4,500
Based on this information, the net cash provided by operating activities using the indirect method would be:__________.
a. $55,000
b. $58,000
c. $50,000
d. $60,000

Answers

The net cash provided by operating activities using the indirect method would be:  c. $50,000.

Net Cash From Operating Activities

Net income $45,000

Depreciation expense $9,000

Decrease in accounts payable ($2,500)

Decrease in inventory $3,000

Increase in accounts receivable ($4,500)

Net cash provided by operating activities $50,000

Inconclusion the net cash provided by operating activities using the indirect method would be: c. $50,000.

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