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Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company's cost analyst has determined that if a truck is driven 126,000 miles during a year, the average operating cost is 13.3 cents per mile. If a truck is driven only 84,000 miles during a year, the average operating cost increases to 15.5 cents per mile.
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Round the "Variable cost per mile" to 3 decimal places and the "Fixed cost" to the nearest dollar amount. Omit the "$" sign in your response.)
Express the variable and fixed costs in the form Y = a + bX. (Round the "Variable cost per mile" to 3 decimal places and the "Fixed cost" to the nearest dollar amount. Omit the "$" sign in your response.)
If a truck were driven 105,000 miles during a year, what total cost would you expect to be incurred? (Round the "Variable cost per mile" to 3 decimal places. Round your intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.)
On June 1, 2008, it made sales of $40,000 with terms 3/15, n/45. On June 12, 2008, Montoya received full payment for the June 1 sale. Prepare the required journal entries for Montoya Co.
Using this information, with all other information the same, determine the carrying value [book value] of the bonds at June 30 of the current year?
Dell Inc. and Hewlett-Packard Company (HP) compete with eachother in the personal computer market. Dell's strategyis to assemble computers to customer orders, rather than forinventory.
flip earns a salary of 7500 per month during the year. fica taxes are 8 on the first 100000 of gross earnings. federal
On October 15, the corporation's board of directors declared a cash dividend of $0.50 per share payable on November 15 to stockholders of record on November 1. What is the amount of dividends declared?
explain why using balance sheet accounts to conceal a fraud should make it easier for an auditor to detect the fraud.
parker plumbing has received a special one-time order for 1500 faucets units at 5 per unit. parker currently produces
An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hou..
In 2010, he made six payments. How do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income.
instructionsa journalize the closing entries at april 30.b post the closing entries to income summary and retained
wallach inc. has capitalized computer software costs of 7200000 on its new trenton software package. revenues from 2014
Describe and flowchart either the Sales or Purchasing process at your organization
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