Question
1. The degree of operating leverage for Adams Inc. is 2. The actual operating income in March is $20,000. If the company expects a 15%
1. The degree of operating leverage for Adams Inc. is 2. The actual operating income in March is $20,000. If the company expects a 15% decrease in sales in April, what would be the expected operating income in April? Group of answer choices
$6,000
$14,000
$17,000
$3,000
2.
Jason Inc. provides the following manufacturing costs for the first four months of the year.
Months | Production in Units | Total Costs |
---|---|---|
January | 2,500 | $33,750 |
February | 1,800 | $29,900 |
March | 3,000 | $36,500 |
April | 2,600 | $34,300 |
Using the high-low method, determine the total fixed costs.
(Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.)
Group of answer choices
$16,500
$20,000
$30,300
$15,500
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started