1.
Introduction: : The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To prepare: Scattered graph for labor and
2.
Introduction: Least square method are those methods which separate the mixed cost into two classes such as variable and fixed cost with use of regression line that reduce sum of squared errors.
To express: The fixed and variable component in the form of
3.
Introduction: : The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To calculate: The contribution margin earns by service the event.
4.
Introduction: : The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
The strength of bidding for charity event in terms of price per guest and still break even on the list.
5.
Introduction: The high-low method is used to find fixed and variable cost in a limited amount of provided data. It can determine the variable and fixed cost if fixed cost is constant and variable is same on every unit, by system of equation.
To calculate: Total operating cost of the truck if it were driven 80,000 kilometer.
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Chapter 2A Solutions
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- If Tamarisk Imports Corporation realizes a gain of $78000 on a cash sale of a building having a book value of $576000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is $654000. O $498000. ○ $78000. ○ $576000.arrow_forwardSolve this accounting questionsarrow_forwardDuring 2025, Pharoah Industries reported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent on plant assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah's free cash flow? $643000 ($748000) ($179000) $134000arrow_forward
- solve qn properly.Question:A company has the following information: Beginning Inventory: $50,000Purchases: $120,000Ending Inventory: $60,000The company uses the periodic inventory system. What is the cost of goods sold (COGS) for the period?arrow_forwardBudgeted variable costs per unit are $45, and budgeted total fixed costs are $180,000 for the year.arrow_forwardThe following direct labor data pertain to the operations of Lumen Fabrication Inc. for the month of March:arrow_forward
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