Glascro company manufactures skis. the management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. data for the past four months were collected as follows: month lease cost machine hours april $15,000 800 may 10,000 600 june 12,000 770 july 16,000 1,000 using the high-low method, calculate the fixed cost of leasing. (a) $1,500 (b) $2,500 (c) $1,000 (d) $2,000

$1,000

Explanation:

We know that

Total cost = Fixed cost + Variable cost

From the data given, we can calculate the variable cost using the high-low technique.

Variable cost per unit

=

=$15

Lease cost = FC + $15(Machine hours)

Lease cost -$15(Machine hours) = FC

Case,

i) 800 machine hours,

FC = Lease cost - $15(Machine hours)

     = $16,000 -$15(1000) = $1,000

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants

a. money supply  

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