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
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?
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
March 151,100 28,000
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.)
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.