Describe the term fixed cost and give several examples of fixed costs within a car rental agency
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Fixed costs do not vary with small changes in a...View the full answer
Answered By
Kennedy Odhiambo
As a professional writer, I have been in the field for over 5 years having worked as a lecture in different tertiary institutions across the world. With this impeccable experience, I assure provision of a good and supporting environment for students to learn.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott
Question Posted:
Students also viewed these Managerial Accounting questions
-
Describe agency costs and give several examples of them.
-
A car rental agency is trying to make staffing plans. The early morning is always a busy time for rentals. The agency keeps track of the number of customers who pick up rental cars in the 8 A.M. to...
-
A car rental agency currently has 44 cars available, 28 of which have a GPS navigation system. One of the 44 cars is selected at random. Find the probability that this car a. Has a GPS navigation...
-
At the beginning of Section 12.6, it was noted that given the CBC MAC of a oneblock message \(X\), say \(T=\operatorname{MAC}(K, X)\), the adversary immediately knows the CBC MAC for the two-block...
-
Using the above equation, how many moles of H2O are produced when 154 mol of O2 react? 2C4H10(g) + 13O2 ( 8CO2(g) + 10H2O()
-
In a multiple regression, the following sample regression equation is obtained: y = -8 + 2.6x1 - 47.2x2. a. Predict y if x1 equals 40 and x2 equals 10. b. Interpret the slope coefficient of x2.
-
Why is the range value affected by outliers?
-
A piece of equipment that cost $32,400 and on which $18,000 of accumulated depreciation had been recorded was disposed of on January 2, the first day of business of the current year. For each of the...
-
Consider a 30-year bond that has a face value of $10,000 and a coupon rate of 9% with quarterly coupon payments. The yield to maturity (YTM) of the bond is 11%. a. What is the maximum price would you...
-
According to an article in USA Today, 90% of Americans will suffer from high blood pressure as they age. Out of 20 randomly chosen people what is the probability that at most 3 will suffer from high...
-
Reds Furniture Manufacturing produces a line of tables and chairs from specialty hardwoods. It makes three different styles of chairs, and each chair takes about the same amount of direct labor time...
-
Describe the term variable cost and give several examples of variable costs within a car rental agency when the cost per rental is the cost object.
-
Competition in the private courier sector is fierce. Companies like UPS and FedEx dominate, but others, like Airborne, Emery, and even the United States Postal Service, still have a decent chunk of...
-
Bevin Inc. had the following in 2018 : a. What is Bevin Inc.'s taxable income in 2018? b. What carrybacks or carryovers does it have from 2018? Gross income from operation Dividends from 22%-owned...
-
For a 30 -year monthly level-pay home mortgage loan of \(\$ 500,000\) with a \(3 \%\) interest rate (a) Compute the monthly level payment. (b) What is the total amount of interest you pay during the...
-
Ethylene is liquefi ed by a JouleThomson expansion. It enters the throttling process at 50 bar and 0C and leaves at 10 bar. What is the fraction of the inlet stream that is liquefi ed?
-
The following errors due to sloppy paperwork and poor controls were found during an audit. 1. A customers order was shipped without credit approval. 2. Some sales made in January were recorded as...
-
The following items are documented in the audit working papers: 1. A sales transaction included in the year ended December 31, 2023, but evidence from the cut-off procedure suggests that the sale...
-
Apple's CEO Tim Cook calls Android a "toxic hellstew" of security vulnerabilities and fragmentation running on so many kinds of devices that it fails to offer the latest features to users. Reach out...
-
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
-
Do you think it makes more sense to structure government healthcare programs as entitlements or block grants? What are the economic and healthcare risks and benefits of each approach? Does your...
-
Fairy Flats Ltd. expects to capture 28% of the glitter market. In a typical year, this market averages 8,000,000 units. This year sales were 7,800,000 units. Fairy Flats sold 1,716,000 units. The...
-
Natures Scents uses specially designed and labelled bottles to package its line of natural shampoos and body washes. The following information is available to assist managers determine how many...
-
Arabica Ltd. uses 625 cartons of information pamphlets per year. The cost to place an order is $2.50 per order and the carrying costs for inventory are $5.00 per carton. Determine the economic order...
-
Factory overhead of $44,700 consists of Indirect labor of $21,900, Depreciation expense-Factory of $16,900, and Factory utilities of $5,900. a. Compute total manufacturing costs. b. Prepare a...
-
In Giannakakos et al. (2016), titled Using Video Modeling with voiceover Instruction plus feedback to train staff to implement direct teaching procedures, why do you think collecting data on the...
-
Presidio, Inc., produces one model of mountain bike. Partial information for the company follows: Required: 1. Complete Presidios cost data table. 2. Calculate Presidios contribution margin ratio and...
Study smarter with the SolutionInn App