oblem 8-8 Calculating Motor Vehicle Operating Costs [LO8-2] ou have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking/tolls Variable & Fixed Costs $2,300 Annual mileage $1,200 Miles per gallon $700 Average gasoline price. $ 74 Oil changes/repairs $ 514 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Annual variable cost Annual fixed cost 18,900 24 $ 2.15 per gallon $ 405

oblem 8-8 Calculating Motor Vehicle Operating Costs [LO8-2] ou have gathered the following vehicle costs: Vehicle Costs Annual depreciation Current year's loan interest Insurance License and registration fees Parking/tolls Variable & Fixed Costs $2,300 Annual mileage $1,200 Miles per gallon $700 Average gasoline price. $ 74 Oil changes/repairs $ 514 (a) Calculate the annual variable and fixed costs of the vehicle. (Round answer to nearest whole number.) Annual variable cost Annual fixed cost 18,900 24 $ 2.15 per gallon $ 405

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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XY2 Company uses the high low method to analyze the mixed cost. According to the cost formula derived the total land ct $10.000 Total cost at the high level of activity was $76,000 and at the low level of activity was S25,000. If the low levet of acty 2500 units, what was the high level of activity in units? Select one Da 12.000 Ob7600 C None of the answers gven Co11500
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Mr. Abdul Karim is a senior officer of a company. His service started on 01 July 2019. His salary scale is 90,000-2500- 1,20,000. His date of yearly increment is 01 September. From then he received the following income: He has been provided with accommodation by the company; the annual rental value of the house is Tk. 2,20,000; Full-time car for 24 hours for his own family use. The company has also paid Tk. 1,12,000 to him during the year being the reimbursement of various utility bills of his house; Out of generosity, the company paid him tk. 2,00,000 for his overseas travels with his family during the year; he has contributed 15% of her basic salary to an unrecognized provident fund. His employer also contributed the same amount. Interest on the said fund @ 18% is Tk. 1,800 during the period: During the year he has claimed investment allowance for Purchase of shares of unlisted companies Tk. 25,000; Purchase of government treasury bond Tk. 25,000; Insurance premium Tk.20,000 (Policy…
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Q4- If you knew that the common practices in petroleum industry is as shown the figure below and you have appointed to manage this industry with a budget of one million dollars. How would you spend this amount of money? Injection for EOR Injection for disposal - Surface Discharge Evaporation Offsite Commercial Disposal Beneficial Reuse 38.9% 6.7% 0.6% 45.1%
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e. 5,000 XYZ company is studying the profitability of a change in operation and has gathered the following information. Current Operation: Fixed Costs: $38,000, Selling Price: $16, Variable Cost: $10, and Sales (Units): 9,000. Anticipated Operation: Fixed Costs: $48,000, Selling Price: $22, Variable Cost: $12, and Sales (Units): 6,000. Should XYZ company make the change? Select one: O a. No, because sales will drop by 3,000 units. Ob. It is impossible to judge because additional information is needed. Oc. No, because the company will be worse off by $4,000. O d. Yes, the company will be better off by $6,000. Oe. No, because the company will be worse off by $22000. Next page
What is the issue with trying to abolish all property tax? Is property tax mandated by the government or the state?
VIOH BUuget Tor jahuary, 2022 Variable costs: Indirect Material (5 TL per DL hour) 5,000 Indirect Labor (4 TL per DL hour) 4,000 Maintenance (1 TL per DL hour) 1,000 Utilities (0,5 TL per DL hour) 500 10,500 Fixed costs: Supervisory 2,000 Depreciation 2,000 Rent 1,000 Insurance 500 5,500 Total MOH Costs 16,000 Red Rose Company planned to produce 4,000 boxes of Red Rose Delights in January 2022. Each box requires 15 minutes of direct labour (1/4 DL hour). Managerial accountant prepared the MOH budget for January (presented above). Actual production was 3,600 boxes and fixed overhead costs were exactly the same, however actual variable overhead costs are: indirect material 4,900 TL; indirect labor 3,400 TL; maintenance 1,100 TL; utilities 550 TL. Supervisor can control all costs other than supervisory, depreciation and insurance. Prepare a flexible manufacturing overhead budget with 200 DL-hour increments. The relevant range is 800 DL hours and 1,200 DL hours.
Calculating Break-Even In each of the following cases, find the unknown variable.Ignore taxes. Accounting Break-Even Unit Price Unit Variable Cost Fixed Costs Depreciation 95,800 $ 42 $ 30 $ 820.000 ? 143,806 ? 64 2,750,000 $ 1.150.000 7,835 97 ? 245,000 105,000