Homework Answers
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19. Option A Y = 300,000 + 70X Where 300,000 represents fixed cost and X represents the variable cost per unit |
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20. Option B vX (where v is the number of hours/units and X is variable cost per hour/unit) |
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Question 19 2 pts Which of the following is the total mixed cost equation for a factory where machine operating cos...
16. Which of the following is the total mixed cost equation for a factory where machine...
16. Which of the following is the total mixed cost equation for a factory where machine operating cos include 100.000 of machine depreciation per year, plus 570 of witty as for each day the innerati 300.000 $ar 100000 d ) $300,000 - 5701 e None of the answer choices is correct 17 Which of the following represents total variable costs? e. None of the answer choices is correct. Exhibit 5-3 Hayley Inc. is using the account analysis approach to identify...
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using...
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using historical information fits a straight line to a set of data points? Scattergraph method and regression analysis Scattergraph method and account analysis High-low method and account analysis Scattergraph method and high-low method None of the answer choices is correct. Question 16 2 pts All of the following are steps of the high-low method except: stating the results in equation form Y=f+ vX. calculating the...
Question 5 2 pts Consider the utility function given by u(x, y) = xy. Which of...
Question 5 2 pts Consider the utility function given by u(x, y) = xy. Which of the following is the correct expression for the indirect utility function associated with these preferences? (hint: solve the UMP) V (PE, Py, I) = p.png O none of the other answer choices are correct o V (Pa, Py, 1) = 2 PEPA V (pas Py, I) = 1PER,
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for...
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. (a) What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs...
24. For a company using arti...- 20. The following estimated overhead cost information is available for...
24. For a company using arti...- 20. The following estimated overhead cost information is available for Michaels Company for the most recent year. Activity Allocation base Overhead cost Purchasing Number of purchase orders $400,000 Receiving Number of shipments received $210,000 Machine Setups Number of setups $320,000 Quality Control Number of inspections $ 90,000 The company anticipates the following activity levels during the year: 5,000 purchase orders issued: 7,000 shipments received; 80,000 machine setups performed; and 9,000 inspections conducted What is...
Question 18 1 pts Which of the following costs is an example of a cost that...
Question 18 1 pts Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes? O direct labor 0 salary of a factory supervisor 0 units-of-production depreciation on factory equipment direct materials
QUESTION 6 The diagram below represents the short-run total cost function for the Fidget Company, which...
QUESTION 6 The diagram below represents the short-run total cost function for the Fidget Company, which produces widgets. Please use it to answer the following questions. TC 225 ----- 180 -------- 145 ------- 120- 105 100 0 1 2 3 4 5 Q The equation for the marginal cost function represented in the diagram is: a. MC = 1002 b. MC = 100 +5Q2 OC. MC = 100 d. MC = 1000 e. MC = 100 QUESTION 9 The difference...
1-7 Question 1 1.25 pts Which of the following is not a characteristic of a corporation?...
1-7
Question 1 1.25 pts Which of the following is not a characteristic of a corporation? Limited liability Access to limited amounts of capital Owners are considered stockholders Double taxation Question 2 1.25 pts If 50,000 shares are authorized, 37,000 shares are issued, and 2,000 shares are reacquired, the number of outstanding shares is 37,000. True False Question 3 1.25 pts One of the conditions for paying a cash dividend is formal action by the board of directors. True False...
Question 28 (4 points) A plant operates on Just-in-Time/lean principles. The total production requirements for next...
Question 28 (4 points) A plant operates on Just-in-Time/lean principles. The total production requirements for next three days are 3000 units of X, 300 units of Y, and 1200 units of Z. Assume that the plant has enough capacity to produce all of the units within the three-day period. Which one of the following plans best represents uniform plant loading for this plant? Question 28 options: Produce 3000 units of X on day 1, 300 units of Y on day...
please help Question 2 8 pts Colombiasin A, shown as the final product in Figure 1,...
please help
Question 2 8 pts Colombiasin A, shown as the final product in Figure 1, is a biologically active molecule that was originally isolated from the Colombian coral Pseudopterogogia elisabethae. Although its total synthesis is quite complex, you should recognize the first step. Use the information provided in Figure 1 to answer the following question. Figure 1: First Step In The Total Synthesis of Colombiasin A 1) A Several Step Later (*) colombian TESO What is/are the major organic...
16. Which of the following is the total mixed cost equation for a factory where machine operating cos include 100.000 of machine depreciation per year, plus 570 of witty as for each day the innerati 300.000 $ar 100000 d ) $300,000 - 5701 e None of the answer choices is correct 17 Which of the following represents total variable costs? e. None of the answer choices is correct. Exhibit 5-3 Hayley Inc. is using the account analysis approach to identify...
Question 15 2 pts Which of the following approaches for estimating fixed and variable costs using historical information fits a straight line to a set of data points? Scattergraph method and regression analysis Scattergraph method and account analysis High-low method and account analysis Scattergraph method and high-low method None of the answer choices is correct. Question 16 2 pts All of the following are steps of the high-low method except: stating the results in equation form Y=f+ vX. calculating the...
Question 5 2 pts Consider the utility function given by u(x, y) = xy. Which of the following is the correct expression for the indirect utility function associated with these preferences? (hint: solve the UMP) V (PE, Py, I) = p.png O none of the other answer choices are correct o V (Pa, Py, 1) = 2 PEPA V (pas Py, I) = 1PER,
Question 2 Moresan Co. gathered the following information on power costs and factory machine usage for the last six months: Month January February March April May June Power Cost $24,400 30,400 29,000 22,340 19,900 16,900 Factory Machine Hours 13,900 17,600 16,800 13,200 11,600 8,600 Using the high-low method of analyzing costs, answer the following questions. (a) What is the estimated variable portion of power costs per factory machine hour? (Round answer to 2 decimal places, e.g. 15.25.) Variable power costs...
24. For a company using arti...- 20. The following estimated overhead cost information is available for Michaels Company for the most recent year. Activity Allocation base Overhead cost Purchasing Number of purchase orders $400,000 Receiving Number of shipments received $210,000 Machine Setups Number of setups $320,000 Quality Control Number of inspections $ 90,000 The company anticipates the following activity levels during the year: 5,000 purchase orders issued: 7,000 shipments received; 80,000 machine setups performed; and 9,000 inspections conducted What is...
Question 18 1 pts Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes? O direct labor 0 salary of a factory supervisor 0 units-of-production depreciation on factory equipment direct materials
QUESTION 6 The diagram below represents the short-run total cost function for the Fidget Company, which produces widgets. Please use it to answer the following questions. TC 225 ----- 180 -------- 145 ------- 120- 105 100 0 1 2 3 4 5 Q The equation for the marginal cost function represented in the diagram is: a. MC = 1002 b. MC = 100 +5Q2 OC. MC = 100 d. MC = 1000 e. MC = 100 QUESTION 9 The difference...
1-7
Question 1 1.25 pts Which of the following is not a characteristic of a corporation? Limited liability Access to limited amounts of capital Owners are considered stockholders Double taxation Question 2 1.25 pts If 50,000 shares are authorized, 37,000 shares are issued, and 2,000 shares are reacquired, the number of outstanding shares is 37,000. True False Question 3 1.25 pts One of the conditions for paying a cash dividend is formal action by the board of directors. True False...
please help
Question 2 8 pts Colombiasin A, shown as the final product in Figure 1, is a biologically active molecule that was originally isolated from the Colombian coral Pseudopterogogia elisabethae. Although its total synthesis is quite complex, you should recognize the first step. Use the information provided in Figure 1 to answer the following question. Figure 1: First Step In The Total Synthesis of Colombiasin A 1) A Several Step Later (*) colombian TESO What is/are the major organic...
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