Dally Inc. has the following information about its truck fleet miles and operating costs:| Year | Miles | Operating Costs ||------|--------|-----------------|| 2016 | 400,000 | $256,000 || 2017 | 428,000 | $254,000 || 2018 | 560,000 | $320,000 |What is the best estimate of total operating costs if the expected fleet mileage for 2019 is 482,000 miles? Round your answer to the nearest dollar.a. $288,800 b. $267,667 c. $289,200 d. $125,000 e. $192,800 f. $308,480 g. $281,000 h. None of the above.

Answer: The operating costs for the miles has been given for year 2016,2017 and 2018.

Answered: What is the best estimate of total…

What is the best estimate of total operating costs if the expected fleet mileage 2019 is 482,000 miles? Round your answer to the nearest dollar.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Calculate the ROE and retention rate (1 - payout ratio) for the company Oracle for the years…

A: Answer information:Step 1:Calculate ROE and Retention Rate for Each YearFor each year from 2019 to…

Q: Cost of New Car = 20,000JD i= 7% Annual Fuel cost = 1,200 JD Annual Maintenance= 100JD Selling…

A: Net Present Value (NPV) is a capital budgeting technique that uses a discount rate to bring all the…

Q: There is a fixed cost of 50,000 dollars to start a production process. Once the process has begun,…

A: Total Revenue R(x) = Total Number of units sold * Revenue per unit

Q: Example: A new process for a manufacturing process will have a first cost of $55,000 with annual…

A: Payback period= First costs / Annual cash flowIt doesnt take into consideration time value of money

Q: Given the previous question, suppose that we now increase production by one automobile per hour. If…

A: Answer:Given,Cost of another new vehicle = $18,000So, total cost of production = $ 30,000 + $18,000…

Q: need answer step by step

A: a.IRR = 38.13% b.The IRR rule agrees with the NPV rule.Explanation:Step 1:In excel:a. AB1YearCash…

Q: Excel company intends to introduce a new product in the year 2021. The selling price of the product…

A: Required profit per unit = (Investment x return %)/Projected units = (500,000 x…

Q: Click the icon to view the options table. What would the cost be for each option if the demand level…

A: Note: In the present two Question is been asked, however as per the guidelines first Question is…

Q: In 2024, Sunland Company had a break-even point of $372,000 based on a unit selling price of $6.00…

A: Variable cost is the cost which changes with the change in the level of production. This cost…

Q: 1. Beb's Trinity Store's annual income statement for 2019 is shown in the table below. Beb worked…

A: Given : Beb worked full-time in the business and invested Php300,000 Beb just turned down a…

Q: You see an estimate that hourly wage rates will increase by 6 percent next year. What other…

A: An Operating Profit Margin seems to be an estimate about just how much money a firm will have…

Q: A fixture that cost 800 will save P0.07 per item produce. Maintenance will be at 50 annually. 3600…

A: Answer) Calculation of Payback period Year Annual Net cash flow Present Value Factor @…

Q: n 2019, Deepika Company has sales of $800,000, variable costs of $200,000, fixed costs of $300,000.…

A: Solution Given Sales $800000 Variable cost 200000 Fixed cost 300000 Annual…

Q: The sales and profit for two years are as below: Sales Profit 2019 50000 15000…

A: Margin of Safety is sales revenue over and above its breakeven sales revenues.

Q: 1) A distribution company is considering three different alternatives to satisfy their customer's…

A: While evaluating various capital budgeting proposals, the top-level management or the owners of the…

Q: Looking for relevant cost when leasing a vehicle at $330 a month, plus $2 per mile over 10.000 miles…

A: Relevant costs are expenses that change based on the decision being made or a specific scenario…

Q: Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity…

A: Contribution margin is the difference of sales and variable cost. It is directly proportional to the…

Q: A company is thinking of investing in one of two potential new products for sale. The projections…

A: The payback period refers to the time a project requires to recoup its initial investment through…

Q: A company is thinking of investing in one of two potential new products for sale. The projections…

A: Internal rate of return refers to the method which is used for calculating the rate of return over…

Q: Nikul

A: Answer image:

Q: Sloan Transmissions, Inc., has the following estimates for its new gear assembly project: price =…

A: Price = $2600 per unitVariable cost = $520 per unitFixed costs = $1.7 millionQuantity = 82,000 units

Q: What is the profitability index for a Net Present Value of benefits totaling $400,000 and Net…

A: Profitability Index = Net present value of benefits/ Net present value of costs

Q: 4. You are making a make-or-buy decision about an item that you sell for $12. If you outsource this…

A: The following calculations are done in the records of the firm evaluating the purchase of a new…

Q: Willie Company sells 28,000 units at $36 per unit. Variable costs are $20.16 per unit, and fixed…

A: The Break-even point is that level of sales, where the total cost i.e variable and fixed both are…

Q: The price for one coffin is 1,500 I want to sell 1,700 and sell 12 of them in one year what would…

A: The gross profit margin is calculated as the profit on the item divided by the selling price of the…

Q: Operating costs are an important criteria when selecting what machinery would be the best choice for…

A: The formula for the total equivalent uniform annual worth (EUAW) is given below:- EUAW = EUAB…

Q: If 25 meters of fabric cost $15.60, what will 2.25 meters costs

A: Cost of 25 meter fabric = $15.60 Length of fabric = 2.25 meters

Q: REQUIRED Study the information given below and calculate the following: Payback period (in years,…

A: Payback period:The payback period is the period in which money invested in capital assets is…

Q: You are asked to evaluate ergonomic interventions for your company based on the following…

A: Decrease in annual compensation cost: $13,060Rate of interest: 3.75%Time period: 6 years

Q: hat is the value of 'VARIABLE COST' in the year 2020? Rs. 8.11 million Rs. 9.70 million Rs. 10.80…

A: Given, Revenue = 13.52 Million Fixed Cost = 2 Million Depreciation = 4 Million Profit before…

Q: Graph should be neat and clean. The fuel Company in 2022 requires 240,000 units of raw…

A: A firm needs purchase the raw material in order to make finished goods so that it can sell them and…

Q: A company is thinking of investing in one of two potential new products for sale. The projections…

A: The difference between the current value of cash inflows and outflow of cash over a period of time…

Q: please give me an accurate answer please for all

Q: The cost of financing a new car has risen by 134 basis points. This mean that financing cost of a…

A: Inflation in the product means price of the product has been increased in significant manner.…

Q: You must recommend one of two machines into an upgraded manufacturing line. You obtain estimates…

A: The PW evaluation of alternatives with comparable lifestyles is simple. PW of the alternative is…

Q: A new process for a manufacturing process will have a first cost of $45,000 with annual costs of…

A: Discounted payback period is an important capital budgeting tool. Here we firstly discount all the…

Q: The sales and profit for two years are as below: Sales Profit 2019 50000 15000…

A: Margin of Safety To understand the concept of margin of safety it was the difference between the…

Q: start

Q: PT Manunggal sells its production during 2022 as many as 15,000 units with a selling price of Rp.…

A: The question is related to Marginal Costing. The profit will be calculated with the help of…

Q: Consider equipment for the expansion of a production line that will cost $600,000 up front (i.e.,…

A: The accounting rate of return is the measure of profit that considers the initial investment and net…

Q: When calculating Return on Investment (ROI) we take the benefit/cost x 100. Or as we reviewed in…

A: Return on Investment(ROI) refers to the rate of return earned on the investment.Return on…

Q: If the cost for unit 100 in a unit theory learning curve scenario is $7.5M (FY15$), and the learning…

A: Cost for 100 unit = 7.5 mn Cost for 400 units if 85.5% learning curve

Question

Dally Inc. has the following information about its truck fleet miles and operating costs:

| Year | Miles | Operating Costs |
|------|--------|-----------------|
| 2016 | 400,000 | $256,000 |
| 2017 | 428,000 | $254,000 |
| 2018 | 560,000 | $320,000 |

What is the best estimate of total operating costs if the expected fleet mileage for 2019 is 482,000 miles? Round your answer to the nearest dollar.

a. $288,800
b. $267,667
c. $289,200
d. $125,000
e. $192,800
f. $308,480
g. $281,000
h. None of the above.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The Apollo Delivery Service has the following information about its truck fleet miles and operating costs Year 2018 2019 2020 Miles 500,000 600,000 700,000 Operating Costs $320,000 $370,000 $420,000 What is the best estimate of fixed costs for fleet operating expenses using the high-low method? $100,000 $370,000 $70,000 $200,000
3. FedExpress has the following information about its truck fleet miles and operating costs:Year Miles Operating2017 400,000 $256,0002018 480,000 $280,0002019 560,000 $320,000What is the best estimate of total costs using the high-low method if the expected fleet mileage for 2020 is 500,000 miles?A. $288,000.B. $296,000.C. $256,000.D. $320,000. Give workings for your answer
i need the answer quickly
In 2018, Samantha's Bath and Body Shop had variable costs of $27,000, fixed costs of $18,000, and a net loss of $4,500.Samantha's 2018 break-even sales volume was a.$49,500. b.$37,500. c.$36,000. d.$54,000.
Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…
None
Muscat Pharmacy had sales of RO 1,000,000 (50,000 units) for 2019. The variable expenses were RO 600,000 and fixed expenses were RO 300,000. What is the contribution margin per unit? Select one: O a. None of the answers are correct O b. 400,000 O c. 4 O d. 40% O e. 8
pany manufactures and sels musical gadgets The businesss earned Income of $220.000 in 2018, when seling price per unit was $200, and the president of Valencia s under pressure to increase operating income in 2019. Data for variable cost per unit and total fixed costs were as folows Vanable expenses per unit Direct Material Direct Labour Variable Manufacturing Overhead $40 $32 Fored expenses $18 0 Faed Manufacturing Overhead Faed Seing Costs Fixed Administrative Costs $190.000 $115.000 $135.000440c Required: (a) Using the equation method, calculate the number of units sold in 2018. (b) Given the sales units calculated in Part (a), prepare a contribution margin income statement for the year ended December 31, 2018, detailing the composition of total fixed costs and clearly showing contribution and net income. (e) Calculate Valencia's break-even point in units and in sales dollars Calculate the margin of safety in units and in sales dollars (d) The management of Valencia Manufacturing…
Assume that projected revenue for 2018 is 1,255,160. Also assume the following projected 2018 costs in each of the cost categories from question one: Packaged (Cans & Bottles) Kegs Shrinkage/WIP $130,715 $65,801 Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $30,000 Trade Promotion $30,000 Sales Promotion $18,000 Salaries & Benefits $180,000 Given these costs, compute Shannon's projected contribution in dollars.
I am needing assistance finding the cost of goods sold for quarter 1 of 2022
Sir please help me urgently please help me
Solve this problem