Fixed and variable costs for oil company
WebThe company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May. The activity variance for net operating income for May would have been closest to: Multiple Choice $14,000 F $9,800 F WebThe company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed cost per month Variable cost per well Revenue $4,700 Salaries and Wages $41,300 $1,000 Service Materials $600 Other Expenses $40,200
Fixed and variable costs for oil company
Did you know?
WebDec 12, 2024 · Fixed costs vs variable costs vs semi-variable costs Taken together, fixed and variable costs are the total cost of keeping your business running and making … WebAll of the above Maintaining low fixed costs and high variable costs rather than high fixed costs and low variable costs: A. Makes a company more susceptible to profit fluctuations due to volume changes - True. Higher variable costs mean that profits will be more sensitive to changes in sales volume, as these costs increase or decrease along ...
WebPurely fixed costs = $900,000/yr Purely variable costs = $2.50/CMD Semivariable (mixed) costs = $100,000/yr + .50/CMD Compute the company's estimated total cost per CMD if the following miles are logged by drivers during the year: The estimated total cost per CMD at 400,000 miles logged is: $5.50 900,000/400,000 = 2.25 100,000/400,000 = .25 WebNov 9, 2024 · Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. One example of a fixed cost is …
WebOil used in manufacturing equipment Variable Plastic Variable Property taxes, $165,000 per year on factory building and equipment Fixed Salary of plant manager Fixed Cost of labor for hourly workers Variable Packaging Variable Factory cleaning costs, $6,000 per month Fixed Metal Variable WebMar 14, 2024 · Total January fixed costs: $1,700 B. January variable expenses: Cost of flour, butter, sugar, and milk: $1,800 Total cost of labor: $500 Total January variable costs: $2,300 If Amy did not know which …
WebVariable cost per unit Month Number of Oil Changes Operating Expenses 3,800 36,800 January February 3,200 32,800 March 3,400 33,800 April 3,300 33,300 May 4,200 $ 37,800 June 3,500 34,300 Print Done Previous question Next question
WebJan 31, 2024 · Published by Jessica Aizarani , Jan 31, 2024. According to a 2024 survey, the average oil producer operating in the Eagle Ford oilfield in the U.S. needed WTI oil … お召し物を汚すWebDo Oil Companies Have Fixed & Variable Costs of Production? Fixed Costs. Fixed costs for a business are costs that do not change based on the level of production. For example, if a... Variable Costs. A variable cost … pasco inmate arrestWebVariable costs are any costs that are tied to the volume of crude that a refinery processes, in contrast to fixed costs which are not volume dependent. Typically in a refinery, these include energy, catalysts, and chemicals. FIND OUT MORE. Downstream capabilities. pasco in millsboro deWebOct 12, 2024 · There are two types of costs: fixed and variable. Fixed costs remain the same no matter the degree of output such as rent or mortgage payments. Variable costs change depending on the... pasco instituteWebFixed costs are also frequently subdivided into costs associated with maintaining the refinery (maintenance costs), costs of running the refinery (operating costs), and costs of managing the refinery (supervisory, overhead, support) Variable costs are any costs that vary with the level of refinery throughput. お召し物 使い方WebMay 8, 2024 · Top-quality synthetic oil alone can cost between $20 and $30 for a five-quart bottle, so don't be surprised if an oil change with filter repacement runs $75. To confirm … お召し 染めWebQuestion: Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Revenue Employee salaries and wages Servicing materials Other expenses Fixed Variable Element Element per per Month … pasco inmates