Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15. Ronal Company reports that at an activity level of 4,500 units, its total variable costs are $211,500, and its total fixed costs are $166,500.

15. Ronal Company reports that at an activity level of 4,500 units, its total variable costs are $211,500, and its total fixed costs are $166,500. What is the amount of total costs (both fixed and variable) at an activity level of 5,100 units? Assume that this level of activity is within the relevant range. *

5 points

$166,500

$211,500

$378,000

$406,200

17. At an activity level of 20,000 units, the total variable costs are $50,000, and the total fixed costs are $32,000. Which of the following is correct if 25,000 units are produced, and this activity level is within the relevant range? *

5 points

The fixed cost per unit is $1.60 per unit.

The variable cost per unit is $2.50 per unit.

The total unit cost is $4.10 per unit.

The total variable costs are $50,000.

18. Graham Inc. has annual credit sales of $2,520,000 and accounts receivable of $287,000. Assuming that there are 360 days in a year, what is the value of the average collection period? *

5 points

20.50 days

30 days

41 days

70 days

19. Timaru Corporation is considering selling to a group of new customers and creating new annual sales of $250,000. 8% will be uncollectible. The collection cost on these accounts is 5% of new sales, the cost of producing and selling is 70% of sales, and the corporation is in the 30% tax bracket. What is the profit on new sales? *

5 points

$12,750

$29,750

$42,500

$43,750

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Equity Audits To Create Equitable And Excellent Schools

Authors: Linda E. Skrla, Kathryn B. McKenzie, James Joseph Scheurich

1st Edition

1412939321, 978-1412939324

More Books

Students also viewed these Accounting questions

Question

why we face Listening Challenges?

Answered: 1 week ago

Question

what is Listening in Context?

Answered: 1 week ago