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Using High-Low to Calculate Fixed Cost, Calculate the Variable Rate, and Construct a Cost Function Pizza Vesuvio makes specialty pizzas. Vesuvio's controller wants to calculate the fixed and variable costs associated with labor used in the restaurant. Data for the past eight months were collected: Month Labor Cost($) Employee Hours January 7,000 410 February 8,140 600 March 9,899 690 April 9,787 660 May 8,490 530 June 7,450 400 July 9,490 620 August 7,531 360 In your calculations, round the variable rate per employee to the nearest cent. If required, round your final answers to the nearest cent. 1. Using the high-low method, calculate the fixed cost of labor. $ 2. Using the high-low method, calculate the variable rate. $ per employee hour 3. Using the high-low method, construct the cost formula for total labor cost. Total labor cost = $ + ($ × Employee hours).
There are 5 primary bond portfolio management strategies: passive; laddering; indexing; immunization; and, active. Select one of these strategies and explain how it is used to effectively manage all or part of the portfolio.
Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999. The board of directors of the company decided to pay a 10% stock dividend in April 2010, for which Judd received 20 shares of stock. Was this a taxable st..
evaluate the logic of reflecting key person life insurance in the operating activities of the cash flow statement and determine if this presentation is misleading to users of the financial statements.
Company has bonds outstanding with a par value of $110,000. The unamortized premium on these bonds is $3,400. If the company retired these bonds at a call price of 94, the gain or loss on this retirement is:
jodi horton president of the retailer crestline products has just approached the companys bank with a request for a
Prepare a differential analysis report, dated April 21 of the current year, on the proposal to sell at the special price.
what is a current liability? from the perspective of a user of financial statements why do you believe current
big bear athletic equipment co. operates two division - the winter sports division and the summer sports division. the
The company will purchase the carpets from a local distributor for $350 each, with the privilege of returning any unsold units for a full refund. Jerry's club has offered Color Rugs two payment alternatives for the use of space.
woodmier lawn products introduced a new line of commercial sprinklers in 2008 that carry a one-year warranty against
Diane, the tool crib attendant, works eight hours a day, five days a week. Each order is for one small tool and each small tool takes Diane 2 minutes to retrieve from the bins. What is the average waiting time, in minutes?
Which is not a GAAP for investments in equity securities? a. replacement value method b. market value method c. Equity method d. consolidation
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