Inspection costs at one of the Giuliano Corporation factories are listed below: Units produced Inspection cost February

Fantastic news! We've Found the answer you've been seeking!

Question:

Inspection costs at one of the Giuliano Corporation factories are listed below:

Units produced Inspection cost

February 911 $16,812

March 961 $17,200

April 917 $ 16,865

May 901 $ 16.710

June 923 $16,894

July 908 $ 16.780

August 925 $16,932

September 865 $16,300

Oct 904 $16,738

Management believes that the inspection cost is a mixed cost that depends on the units produced.

Using the min-max method, calculate fixed component of inspection cost per month .

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

See More Books

Posted Date: May 16, 2023 06:39 AM

See More Questions

Use the attached "words.txt" file to store the words along with their ranks in an AVL tree. Then provide the user the option to search for any word. If the word exists the program displays the rank...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Use the graph to determine the following. a. the function's domain b. the function's range c. the x-intercepts, if any d. the y-intercept, if any e. the function values, f(1) and f(4). Assume that...
JD is a 25 year old patient who sustained massive head trauma and neurological injury in a motorcycle accident. He is not brain dead, but after 4 weeks in MICU and several neuro consults, the...
To pull a 50 kg crate across a horizontal frictionless floor, a worker applies a force of 210 N, directed 20o above the horizontal. As the crate moves 3.0 m, what work is done on the crate by (a) The...
What is an IPR and what is it intended to accomplish?
What information should you attempt to obtain from the client during an initial interview? Why is this information important?
You have just gotten back the results from an RNAseq analysis of mRNAs from liver. You had anticipated counting the number of reads of each mRNA to determine the relative abundance of different...
Problem #1: In a murder investigation, the temperature of the corpse was 35C at 1:30pm and 21C 5 hours later. Normal body temperature is 37C and the surrounding temperature was 5C. How long (in...
What are the triads using roman numerals and figured bass numbers for this excerpt? 30-3. Use Roman numerals and figured bass numbers to identify triads in these works. a. Schubert, "Death and the...
What ethical considerations arise when policymakers attempt to address issues of ethnicity, cultural diversity, and inclusivity within diverse societies, and how can these be navigated effectively?
State courts that have original jurisdiction for cases not otherwise directed to a specialized court are: a. trial courts c. district courts b. circuit courts of appeals Write the letter of your c...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Death or disabling illness of a party to a contract terminates the contract if such...
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Each level of government usually has three branches: executive, legislative, and judicial.
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. A consumer has three days to cancel a contract in which his or her home has been pledged as...
Special courts set up to handle small or minor cases, often with a limit on the amount of the claim, are known as: a. circuit courts c. small claims courts b. district courts Write the letter of your...
Operating cash flow. Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $319,200,000, cost of goods sold of $130,200,000, sales and administrative costs of...
Let X be a random variable taking on values a1, a2, . . . , pr with probabilities p1, p2, . . . , pr and with E(X) = μ. Define the spread of X as follows: This, like the standard deviation, is a...
Suppose you are an amateur athlete and your uncle owns the cereal company Wheaties. Your uncle offers you a job working for his company at a wage of w per hour. After looking around for other jobs,...
In Table 14.1, the last column indicates the predicted change in the number of firms within an industry when economic conditions change. A: In two cases, the table makes a definitive prediction,...
Suppose that you have tastes for grits and other goods (where the price of other goods is normalized to 1). Assume throughout (unless otherwise stated) that your tastes are quasilinear in grits. A:...
a. What responsibility does the auditor have when he believes material errors or irregularities may exist? b. What are the possible effects of the foregoing on the auditor's standard report?
Watts and Williams, a firm of certified public acccountants, audited the accounts of Sampson Skins, Inc., a corporation that imports and deals in fine furs. Upon completion of the examination the...
a. Can an examination made in accordance with generally accepted auditing standards be relied upon to detect illegal acts? Why or why not? b. What are the possible effects of illegal acts on the...

Inspection costs at one of the Giuliano Corporation factories are listed below: Units produced Inspection cost February

Question:

Expert Answer:

To determine the fixed component of the inspection cost per month using the minmax method we need ... View the full answer

Microeconomics An Intuitive Approach with Calculus

Students also viewed these accounting questions