Determine the expected total cost for a month

Assignment Help Financial Accounting
Reference no: EM13827170

The cab driver incurred costs of $3000 during its busiest month, driving 5,000miles. During the slowest month the vehicle was driven for only 2000 miles for an maintained cost of $2500.00. Using the High-Low method, determine the expected total cost for a month in which the vehicle is driven for only 3,000 miles. Show your work

Reference no: EM13827170

Questions Cloud

Intra-entity asset transactions no official fasb guidance : Consolidated Financial Statements – Intra-Entity Asset Transactions no official FASB guidance exists on the assignment of income effects on non-controlling interest in the consolidation process, when either the parent transfers a depreciable asset to..
What is the sales dollars to breakeven : ABC Solar Company produces garden lamps. the annual fixed costs are $110,00 and variable cost to make the solar garden lamps is $7.00 per unit. The expected selling price is $15.00. Determine the numbers of units need to sell to break even. What is t..
Compute the breakeven point is sales dollars : Meadowlands Design products head covers for golf clubs. The company expects to generate a profit next year. It anticipates fixed manufacturing costs of $200,500 and fixed general and administrative expenses of $80,000 for the year. Variable Manufactu..
Determine the numbers of units need to sell to break even : ABC Solar Company produces garden lamps. the annual fixed costs are $110,00 and variable cost to make the solar garden lamps is $7.00 per unit. The expected selling price is $15.00. Determine the numbers of units need to sell to break even. What is t..
Determine the expected total cost for a month : The cab driver incurred costs of $3000 during its busiest month, driving 5,000miles. During the slowest month the vehicle was driven for only 2000 miles for an maintained cost of $2500.00. Using the High-Low method, determine the expected total cost ..
Ensure operational efficiency and effectiveness. : 1. Recommend at least three (3) best practices that any organization could adopt in order to avoid such a failure in the future. Provide support for the recommendation.2. Suggest how health care leaders can use project metrics and portfolio managemen..
Breakeven analysis-compute the breakeven point in sales unit : Meadowlands Design products head covers for golf clubs. The company expects to generate a profit next year. It anticipates fixed manufacturing costs of $200,500 and fixed general and administrative expenses of $80,000 for the year. Variable Manufactu..
Discuss the primary manner : Discuss the primary manner in which the concepts of this course can be applied to your current or future work position.Rate the three (3) most important concepts that you have learned in this course in order of importance (one [1] being the most impo..
Contribution margin in units : Contribution margin in Units: Using the contribution margin approach, fnd the breakeven point in units for Staten Products if the selling price per unit is $11, the variable cost per unit is $4, and fixed cost are $7,700.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

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