Question: What is the fixed cost per month ? The highest value of total cost was $940,000 in August for Marvello Drinks Co. Its lowest value

What is the fixed cost per month ?

The highest value of total cost was $940,000 in August for Marvello Drinks Co. Its lowest value of total cost was $690,000 in February. The company makes a_ single product. The production volumes in August and February were 20,000 and 14,000 units, respectively. What ts the fixed cost per month? (Round any intermediate calculations to the nearest cent, and the final answer to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Recently, a student came into a faculty members office and handed the faculty member a card he had found in the business school building advertising a company called 12 Daily Pro. He said someone had...

What is the fixed cost per month? The highest value of total cost for Kant Manufacturing Inc. was $182,000 in July. Its lowest value of total cost was $124,000 in March. The company produces a_...

Business Math - MA 134 1. (3 marks) Industry Solutions is a manufacturer of a product with $15000 in total sales. Total variable cost is $7700 while fixed cost per month is $1220. Use Total Revenue =...

20) The highest total cost value was $800,000 in June for Horchata Beverages, Inc. Its lowest total cost value was $510,000 in December. The company manufactures a single product. The production...

1. JCH Company conducts business in the lumber and building products industry. Last week, JCH purchased 50 railcars of lumber from a mill in Oregon and sold all 50 to a Home Depot store in North...

Hi, I need help in filling the yellow shaded regions in Tab 3 and Tab 4. I attempted tab 3 but the answers don't add up. I See The Light Projected Income Statement For the Period Ending December 31,...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

2 Assume that MTA Sandwiches sells sandwiches for $2.85 each. The cost of each sandwich follows Materials Labor nts Variable overhead 0.00 skipped Fixed everhead ($19,000 per month, 21,200 units per...

Please answers all the questions attached in the images. thanks a lot. 13 Which ofthe following is a product cost? Multiple Choice Circuitry used in producing hard drives Monthly advertising in the...

What is vendor-managed inventory? How do both manufacturers and retailers benefit from its use?

Drying times for newly painted microwave oven cabinets are normally distributed with a mean of2.5 minutes and a standard deviation of 0.25 minutes. After painting, each cabinet is mated with its...

Sales are budgeted at $ 2 2 0 , 0 0 0 for December Year 1 and $ 2 0 0 , 0 0 0 for January Year 2 Collections are expected to be 6 0 % in the month of sale and 3 8 % in the month following the sale (...

Can you elucidate the role of molecular chaperones and protein quality control systems in maintaining the integrity and homeostasis of the cytoplasm, particularly under conditions of cellular stress...