Question: pls help!! Daniel and Nancy are parthers in a drivers ed business, providing a much-needed service to want-to-be-drivers in their region. I hey have been




Daniel and Nancy are parthers in a drivers ed business, providing a much-needed service to want-to-be-drivers in their region. I hey have been satisfied with the profits their business has generated to date, but they'd like to have more reliable estimates for future costs. Believing that the most certain cost driver for their total costs is number of students served, they gathered the following data for the past year. Use the high-low method to estimate a cost function for total monthly driver's ed costs based on number of students. Y=$ x+5 Attempts: 10 (c1) Using the model created above, predict next month's driver's ed costs if Daniel and Nancy expect to serve 61 students. Next month's driver's ed costs Lisa is trying to better understand her company's overhead costs to respond to an e-mail from her supervisor. She quickly gathered information from the last 3 months regarding production counts and key overhead costs, as follows. (a) Your answer is correct. Based on just the information provided above, help Lisa classify each of the three costs by behavior: variable, fixed, or mixed. Utility cost If these 3 months are representative of the company's typical production, what is its relevant range? The relevant range is from units to units. eTextbook and Media Attempts: 0 of 3 used Mr. Wilson's small consulting firm specializes in providing internal control advice to his clients. All of his staff are certified internal auditors (ClAs) and want to gain expertise in a variety of industries, Jonas, his most senior consultant, always brings a less-seasoned associate with him for efficiency, training, and general camaraderie. Jonas first assesses a situation in about 8 hours and then will brainstorm ideas the client could use to address its internal control risks. The less-seasoned associate follows Jonas, listens to the halfday assessment ritual, and then helps to brainstorm improvements for the client. Jonas's labor rate is billed at $240/ hour, while the associate's billing rate is half that amount. (a) Mr. Witson believes Jonas operates on a 70% learning curve for the "assessment' portion of his work, while his associate operates on a 75% learning curve. Create a chart outlining the number of hours each of these individuals is likely to spend on the next assessment of a client's internal controls. How much time will Mr. Wilson expect each of them to spend on their fourth such assessment of a client's internal controls? (Round answers to 2 decimal places, e.g. 15.25.)
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