What is the fixed portion of the total cost? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data
below and apply the high-low method to answer the question.
A) $2107.20
B) $1360
C) $1893
D) $2640
C) $1893
Variable cost per unit = Change in total cost / Change in volume of activity
Variable cost per unit = (Highest cost - Lowest cost) / (Highest volume - Lowest volume)
Change in total cost ($4000 - $2640) $1360
Change in minutes (480 - 170) 310
Variable cost per minute ($1360 / 310) $4.39
Variable cost for January = 480 minutes × $4.39 per minute = $2107.20
Total fixed costs = Total mixed cost - Total variable cost
Total fixed costs = $4000 - $2107.20 =$1893
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A) I; 3 B) I; 8 C) II; 3 D) II; 8
Which of the following are standard strategy practices?
a. PESTEL b. SWOT c. BCG matrix d. All of the above
How would a researcher determine when statistical significance is important?
What will be an ideal response?
In the context of the history of business ethics, identify a dramatic change that has taken place in the business environment over the past five decades.
A. The issue of corporate social responsibility has advanced from a core performance-assessment issue with clearly established legal liabilities to an abstract debate. B. Very few number of organizations are willing to commit to sharing their resources with all their stakeholders. C. The increased presence of an employee voice has made employees feel more comfortable speaking out against actions of their employers that they feel to be irresponsible. D. Corporate ethics has moved from the domain of finance and marketing departments into the human resource department.