Multiple choice 2023 Business Finance

2023 1 Given the following cost and activity observations for Leno Enterprises utilities use

1. Given the following cost and activity observations for Leno Enterprises’ utilities, use the high-low method to calculate Leno’s variable utilities cost per machine hour.

                     Cost    Machine Hours

September   $4,100        22,000

October             3,700       18,000

November     3,900       19,000

December     4,500       28,000

A) $0.08

B) $4.86

C) $0.25

D) $12.50


2. You have calculated, using the high-low method, a variable cost per machine hour of $0.80 for your production power costs. Power costs at 6,000 machine hours are $5,400; at 9,000 machine hours, they are $7,800. What are the total fixed costs that you would use to estimate production power costs for your company at any level within your relevant range?

A) $600

B) $6,400

C) $2,400

D) $4,800


3. Given the following cost and activity observations for Notwen Company’s maintenance costs, use the high-low method to calculate Notwen’s monthly fixed costs for maintenance.


                   Cost   Units Produced

January      $130,000     25,000

February180,500     35,000

March        151,100     28,000

A) $11,250

B) $4,550

C) $3,750

D) $2,650


4. Dapper Hat Makers is in the business of designing and producing specialty hats. The material used for derbies costs $4.50 per unit, and Dapper pays each of its two full-time employees $250 per week. If the employees make 50 derbies in one week, what is the fixed cost per derby? (Round to two decimal places where necessary.)

A) $4.50

B) $5.00

C) $10.00

D) $14.50

We give our students 100% satisfaction for their assignment, which is one of the most important reasons students prefer us from other helpers. Our professional group and planners have more than ten years of rich experience. The only reason that our inception days, we have helped more than 100000 students with their assignments successfully. Our expert’s group have more than 2200 professionals of different topics, and that not all; we get more than 300 jobs every day more than 90% of the assignment get the conversion for payment.

Place Order Now