Inspection costs at one of Iuliano Corporation's factories are listed below:
Units produced Inspection cost
February 911 $ 16,812
March 961 $ 17,200
April 917 $ 16,865
May 901 $ 16,710
June 923 $ 16,894
July 908 $ 16,780
August 925 $ 16,932
September 865 $ 16,300
October 904 $ 16,738
Management believes that inspection cost is a mixed cost that depends on units produced.
Using the high-low method, the estimate of the fixed component of inspection cost per month is closest to: (Round the intermediate calculations to two decimal places.)
$16,720.00
$16,301.00
$16,711.00
$8,185.82
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Inspection costs at one of Iuliano Corporation's factories are listed below: Units produced Inspection cost February 911 $ 16,812 March 961 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Accountants shoulder major responsibilities in our society. Our decisions that we make are based on information, and we must trust those that recognize, measure, record, and report business transactions.
Answers (1)
Which of the following is not a motivation for using electronic data interchange (EDI) ? Reduction of paper work Less frequent deliveries of smaller shipments Reduction in clerical labor Increased accuracy Increased speed in processing transactions
Answers (1)
When qe2 and operation twist were implemented, the fed suspended its policy of forward commitment. a. True b. False?
Answers (1)
On January 6, 2017, Michael Company acquired 4,000 shares (or 10%) of George Corporation's common stock at $25 per share. The securities are classified as trading securities.
Answers (1)
Productivity can be improved by: A. decreasing outputs while holding inputs steady. B. increasing inputs while holding outputs steady. C. decreasing inputs while holding outputs steady. D. increasing inputs and outputs in the same proportion. E.
Answers (1)
New Questions in Business
Your cellular phone contract is due for renewal and the company offers you a new free phone. Since you want to use your new phone, you decide to recycle your old phone. Your action a.
Answers (1)
Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her business and the average profits it generates.
Answers (1)
What is something economists need to know the least in order to effectively fine tune the economy? a. potential income/output. b. the cpi. c. the multiplier. d. aggregate equilibrium income/output five years ago?
Answers (1)
In tjis app Can you follow people?
Answers (1)
Brooks Company expects to sell 8 comma 500 units for $ 175 each for a total of $ 1 comma 487 comma 500 in January and 2 comma 500 units for $ 200 each for a total of $ 500 comma 000 in February.
Answers (1)