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Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintenance costs averaged $34.30 per hour. When activity jumped to 27,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $27.30.
On the basis of this information, the variable cost per machine hour was (Round your final answer to 2 decimal places):
On the basis of this information, the fixed cost was (Round your intermediate calculations to 2 decimal places final answer to nearest dollar amount):
On the basis of this information, what were total maintenance costs when the company experienced 25,000 machine hours? (Round your intermediate calculations to 2 decimal places final answer to nearest dollar amount.)
Why when dealing with capital budgeting do we only deal with actual dollars in and out and NOT the normal accrual based income statements we've done (do) in regular accounting?
Last year, Owens, Inc., reported bad debt expense of $150,000.
Head -First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Variable cost is 60% of the sale price; contribution margin is 40% of the sale price. Total fixed cost equals $49,500 (includes fixed factory overhead and fixed s..
A project brings the following cash flow to the company. The company uses its WACC (weighted-average cost of capital) as discount rates at 12%. What is the present value of cash flows from Year 1 to 3? What is the present value of cash flows from yea..
Purpose a partial income statement beginning with Income before Income Tax Expense
Jorge and Anita, married taxpayers, earn $42,500 in taxable income and $35,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule for married filing jointly, how much federal tax will they owe? What is their aver..
The machine cost $60,000 and is expected to be used for five years. At the end of the five years it is expected that the machine can be sold for $4,000. Compute the depreciation expense for the third year.
Mark comes to you for advice after receiving two letters: One from United Trucks Pty Ltd requiring him to cease the operations of Sunshine Trucks Ltd in Queensland, the other from Grasping Bank Ltd threatening to sue him for $ 100 000. Advise him,..
Which of the following persons is not a "family member" for purposes of the related party rules? A taxpayer pays $200,000 for real property. The market value of the land and building purchased are $120,000 and $180,000, respectively. The taxpayer's b..
Bragg Corp. had $1,500,000 net income in 2013. On January 1, 2013 there were 200,000 shares of common stock outstanding. On April 1, 25,000 shares were issued and on September 1, Bragg brought 15,000 shares of treasury stock. Compute the basic and di..
the finished product needs 3 pounds of raw material and 10 hours of direct labor. gerrad tries to maintain a finished
Develop a scorecard and dashboard illustrating the key indicators and send the samples and a memo to the board members
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