Microdash Company Uses the High-Low Method to Analyze Mixed Costs

question 84

Multiple Choice

Microdash Company uses the high-low method to analyze mixed costs.The following information relates to the production data for the first six months of the year.
How should the cost function be properly stated?

• A)Y = $1,025 + $1.24H.
• B)Y = $875 + $1.15H.
• C)Y = $8,542 + $0.145H.
• D)Y = $9,263 + $0.162H. Using March and May.Unit variable cost = ($9,500 - $7,200)/(7,500 - 5,500)= $1.15.Fixed cost = $9,500 - (7,500 x $1.15)= $875.= $7,200 - (5,500 x $1.15)= $875

Identify the legal effects of contract delegation and assignment on the parties involved.

Comprehend the legal requirements and effects of transferring rights or duties under a contract.

Recognize the legal consequences of not adhering to the contractual terms regarding assignments and notices.

Understand the remedies available under contract law, including equitable remedies.

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Definitions:

Donoghue v. Stevenson

A foundational case in tort law, establishing the principle of duty of care for manufacturers to consumers.

Standard of Care

The degree of care and caution required by an individual, especially as it pertains to the professional or legal duties imposed on them.

Statutory Provision

A specific clause or provision within a statute (law) enacted by a legislative body.

Supervise

To oversee, monitor, and direct the work or tasks of others to ensure proper completion and compliance.