User Account

All Pages

Calculate total fixed costs

Assignment Help Accounting Basics
Reference no: EM132479017

Question - Strait co. Manufacturers office furniture. During the most productive month of the year, 3800 desks were manufactured at a total cost of $83,600. In the month of the lowest production the company made 1,170 desks at a cost of $59,300. Using the high-low Method of cost estimation, calculate total fixed costs?

a. $48,488

b. $24,300

c. $83,600

d. $59,300

Reference no: EM132479017

Questions Cloud

Find contribution margin ratio and unit contribution margin : Variable costs are $7 per unit, and fixed costs are $39,300. Find the contribution margin ratio and the unit contribution margin
What was effect of the repurchases on the per-share price : There were 1,957 million shares outstanding prior to the repurchase. What was the effect of the repurchases on the per-share price of Dell's stock?
Determining the marginal propensity to consume : If the marginal propensity to consume is 0.6, what happens to the following? Do they rise or fall? By what amounts?
What fractions of income do capital and labor receive : Cobb Douglas Production Function Suppose that an economy's production function is Cobb Douglas with parameter x = 0.3 . Here we have Y=A* K^ alpha * L^ 1- alpha
Calculate total fixed costs : In the month of the lowest production the company made 1,170 desks at a cost of $59,300. Using high-low Method of cost estimation, calculate total fixed costs
What would be the net operating income : If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?
How big is the inflationary gap : Assume that the economy is in equilibrium at $5,700, and full employment is $4,800. If the MPC is 0.67, how big is the inflationary gap?
Income-expenditure equilibrium : How will each of the following affect planned investment and unplanned inventory investment.
What is the compensation expense Kinshasa recorded : The Black-Scholes option pricing model determined total compensation expense to be $776263. What is the compensation expense Kinshasa recorded

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd