Please Give Me Answer of this Question You have reviewed the utility bills for your company. You havedetermined that the highest and lowest bills were $5,000 and $3,200for the months of January and September. If your companyproduced 1,050 and 600 units in these months, what was the fixedcost associated with the utility bill?a. $435.50b. $485.00c. $590.00d. $800.00

Step 1: Calculate the Variable Cost per Unit:• Variable Cost per Unit = (Highest Cost - Lowest Cost)…

Answered: You have reviewed the utility bills for…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9PA: Fitbands estimated sales are: What are the balances in accounts receivable for January, February,...

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Assume a company sold 28,000 units last year and ncrease the sales commission by $2 per unit. What does this mean
Baxley Brother has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that is uses a 365 day year. I must show the work. How you arrive at the answer.
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Fitbands estimated sales are: What are the balances in accounts receivable for January, February, and March if 65% of sales is collected in the month of sale, 25% is collected the month after the sale, and 10% is second month after the sale?
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A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed costs per order are $74. What is the economic order quantity? (Please round units to the nearest whole number) solve this general accounting Query
A hotel pays the phone company $100 per month plus $.25 for each call made. During January 6,000 calls were made. In February 5,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February. 3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?
The Highest Cost Contractors, Inc. took out an installment loan on 11/1 in the amount of $12,000 for 69 months with an annual interest rate of 5%. On 11/30, when Highest Cost Contractors makes their first monthly payment (including principal and interest), what amount will be recorded into the interest expense account? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 ASUS f6 E3 f5 f7 f8 f9 f10 f11 团 & * 4 5 7 9. Y G H. K V B 8 16 F. %24
A hotel pays the phone company $200 per month plus $.15 for each call made. During January 7,000calls were made. In February 8,000 calls were made.Required:1. Calculate the hotel’s phone bills for January and February.2. Calculate the cost per phone call in January and in February.3. Separate the January phone bill into its fixed and variable components.4. What is the marginal cost of one additional phone call in January?5. What was the average cost of a phone call in January?
17. ACCOUNTANT SALARY An accountant receives a base salary of $1500 a month plus a commission that is 4% of their monthly sales. From past experience the monthly sales range from $10,000 to $100,000. a. Write an equation for the accountant's monthly salary in terms of their monthly sales. b. Graph your equation. Make sure to scale your axes to fit the problem situation. c. How much do they need to sell in a month for this accountant to earn $3,500?
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