uestion 5 Jolex uses the high-low method of estimating costs. Jolex had total costs of $12232 at its lowest level of activity, when 2372 units were sold. When, at its highest level of activity, sales equaled 7298 units, total costs were $29776. Jolex would estimate fixed costs as: Give your answer as a whole number but do not round your calculations until you get to the final answer. 584
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- Problem 6-18 (Algo) Relevant Cost Analysis in a Variety of Situations [LO6-2, LO6-3, LO6-4] Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks each year at a selling price of $60 per unit. The company's unit costs at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses Total cost per unit $ 7.50 8.00 2.90 5.00 ($435,000 total) 2.70 2.50 ($217,500 total) $28.60 A number of questions relating to the production and sale of Daks follow. Each question is independent. Required: 1-a. Assume that Andretti Company has sufficient capacity to produce 113,100 Daks each year without any increase in fixed. manufacturing overhead costs. The company could increase its unit sales by 30% above the present 87,000 units each year if it were willing to increase the fixed selling expenses by $110,000. What is the financial…Saved Cardinal uses the high-low method of estimating costs. Cardlnal had total costs of $24,295 at its lowest level of activity, when 10,400 units were sold. When, at its highest level of activity, sales equaled 15,700 units, total costs were $39,400. Cardinal would estimate variable cost per unit as Mutiple Choice $2.34 $2.51 O $285 $244Ivanhoe, Inc. developed the following information for its product: Sales price Variable cost Contribution margin Total fixed costs Per Unit (a) $102.00 71.40 $30.60 $1,288,260 Answer the following independent questions. Number of units to be sold How many units must be sold to break even?
- A Moving to another question will save this response. Question 1 Lagle Corporation has provided the following information: Cost per Period Cost per Unit 5.25 $ 3.90 1.40 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense $ 7200 1.80 0.30 $ 6600 If 4500 units are sold, the variable cost per unit sold is closest to: $12.35 $12.65 O$10.85 O $10.55 Moving to another question will save this response.Discussion Question The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production Costs $230,000 Level of Activity (Units Produced) July 3.500 August September 250,000 3.750 260,000 3.800 October 220,000 3.400 November 340,000 5.800 December 330,000 5.500 January February 200,000 2,900 210,000 3.300 March 240,000 3.600 Аpril 380,000 5,900 May 350,000 5,600 June 290,000 5,000Using the high low method, Hadley Company calculated the variable cost as $2.5 per unit. The high level of the activity was 2320 units and $38325 of total cost. Total fixed costs equal $ your answer as a whole number. 32.525 Moving to another question will save this response. Ent << Question 4 of
- eBook Show Me How 2,340 $187,920 4,220 249,720 5,940 292,320 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) Total fixed cost: High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs Check My Work 2 more Check My Work uses remaining. $ b. Based on part (a), estimate the total cost for 2,980 units of production. Total cost for 2,980 units: $ per unit All work saved. Ti Previous B Next >Question 4 There is a material, which demand is: 5000 unit/year. We have Reorder Cost: $10, Holding Cost: $4/unit per year. The supplier offers variable Unit Cost as below: Q2999, UC=$5.8 Please help to determine the optimal order quantityThe question 1 point possible Stancil Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company's current) revenue and 2) operating income. (Hint First, find the contribution margin ratio; then prepare the contribution margin income statement) Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancif's current (1) sales revenue and (2) operating income Begin by computing the contribution margin ratio. (inter the result as a whole number) The contribution margin ratio la Question Viewer Prepare the contribution margin income statement at the calculated sales level. Stancil Drycleaners Contribution Margin Income Statement Submit t
- QUESTION NO. 2 (10) Complete the table Complete the table below. Units Fixed costs (5) Variable costs (S) 1,000 2,000 3,000 4,000 5,000 80,000 72,000 Total costs ($) Sales revenue ($) 60,000 Calculate the Following 1. Contribution Margin 2. Breakeven and also plot of graph 2. Profit /Loss at 1500 units 3. Profit /loss at 4500 units 4. Margin of Safety at 5000 unitsAnalyzing Income under Absorption and Variable Costing Variable manufacturing costs are $85 per unit, and fixed manufacturing costs are $106,400. Sales are estimated to be 5,600 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 5,600 units and a plan to produce 7,600 units?$fill in the blank 1 b. How much would variable costing operating income differ between the two production plans?$fill in the blank 2Q10 Manama Company manufactures several different products. Unit costs associated with one of these products are as follows: Direct materials Direct ma cturing labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions (2% of sales) Administrative salaries Total Required: Compute the variable manufacturing costs per unit associated with this product. Answer: For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph 4 Arial $40 $8 $12 $23 $6 $9 $98 10pt !!! > IXO o ***