What is projected range of plant labor costs for the month

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Reference no: EM132645456

Question 1: Georgetown Company's weekly store operating costs for a 10-week period had a value of $300,000 and a low value of $260,000. Sales volumes for the 2 weeks were $4,000,000 and $3,200,000 respectively. The estimated fixed cost using the high-low method is

A) $100,000.
B) $300,000.
C) $260,000.
D) $160,000.

Question 2: Beth Company sold assets to Karen Company with an alleged value of $2,400,000. Beth Company paid $2,100,000 for the assets. The actual value of the assets was $1,700,000. Using the benefit-of-the-bargain damage loss rule, the fraud damages would be

A) $1,700,000.
B) $2,400,000.
C) $700,000.
D) $400,000.

Question 3: Assume a regression analysis yields a regression line with the values Y = $100,000 + $.090X, where Y equals plant labor costs and X equals dollars of production output. The standard error of the estimate is $40,000. The appropriate z value for a 95% confidence interval is 1.96. If the company plans to produce $2,000,000 of product during the upcoming month, what is the projected range of plant labor costs for the month?

A) $180,000 to $380,000
B) $201,600 to $358,400
C) $1,921,600 to $2,078,400
D) $240,000 to $320,000

Question 4: Beth Company sold assets to Karen Company with an alleged value of $2,400,000. Beth Company paid $2,100,000 for the assets. The actual value of the assets was $1,700,000. Using the out-of-pocket damage loss rule, the fraud damages would be

A) $1,700,000.
B) $2,400,000.
C) $700,000.
D) $400,000.

Question 5: Plaintiff G Company convinced the court that J Company had engaged in antitrust actions that had caused GG serious financial damages. As part of GG's expert's damage testimony, it was shown that during the 18-month time period covered by the case, G Company's sales had fallen from an average of $600,000 per month to $500,000 per month. In addition, G Company's profits had gone from an average loss of $10,000 per month to an average loss of $50,000 per month. Given this information, what is G Company's damages in the case?

A) $0
B) $1,100,000
C) $720,000
D) $900,000

Reference no: EM132645456

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