The person who is right and justify the reason.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Please original work Who owns a customer's information in United States and Europe? Who should profit from it? How would that work Please cite in text reference and add weblinks

What significant role context plays in social interactions

The losses for the pump in the previous question are estimated to be 15% of the relative dynamic head at inlet to the impeller and 45% of the dynamic head at inlet to the diffuser. Calculate the head delivered and the efficiency of the pump. Answers: 4.12m;75.4%

Answer 2

Question

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Answer 6

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Answer 7

Chapter 4, Problem 1QP

Summary Introduction

To determine: The person who is right and justify the reason.

Answer 8

Expert Solution & Answer

Explanation of Solution

Given information:

Spreadsheet Modeling and Decision Analysis: A Practical Introduction to Business Analytics, Chapter 4, Problem 1QP

Person H’s accountant argues that the AS requires 9 labor hours and the profit margin should be $144 less. Similarly, HL requires 6 labor hours and the profit margin should be $96 less.

Determine the person who is right and justify the reason:

According to the given information, the numbers of Person H is correct and the argument of Person H’s accountant is wrong. This is because, the factory overhead cost is a fixed cost and it is not a variable cost. The factory overhead cost is sunk cost that must be paid irrespective of the type of hot tub produced.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 4 - Prob. 1QP Ch. 4 - Prob. 2QP Ch. 4 - Prob. 3QP Ch. 4 - Prob. 4QP Ch. 4 - Prob. 5QP Ch. 4 - Prob. 6QP Ch. 4 - Prob. 7QP Ch. 4 - Prob. 8QP Ch. 4 - Prob. 9QP Ch. 4 - Prob. 10QP

The person who is right and justify the reason.

Concept explainers

To determine: The person who is right and justify the reason.

Explanation of Solution

Want to see more full solutions like this?

Chapter 4 Solutions