2 JPAK manufactures and sells mountain bikes. Classify each of the following costs as fixed or variable with respect to the number of bikes made. 5.55 Item Cost points a. Bike seats Skipped b. Supervisor salaries c. Insurance d. Shipping e. Administrative salaries eBook f. Bike frames g. Screws for assembly Print h. Assembly worker wages i. Sales commissions References9 A manufacturer reports the data below. Accounts payable $ 10, 849 5.55 Accounts receivable 19, 674 points Inventory 6,655 Net sales 234,807 Cost of goods sold 139, 400 (1) Compute the number of days in the cash conversion cycle. eBook (2) Is the company more efficient at managing cash than its competitor who has a cash conversion cycle of 14 days? Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 References Compute the number of days in the cash conversion cycle. (Use 365 days in a year. Round calculations to the nearest whole day.) Cash conversion cycle days 5.55 polnte References Departmental Income Statements For Year Ended December 31 Acoustic Electric: Sales $ 102,000 S 34,?00 Cost: of goods sold. 43,3?5 47,150 Gross profit 58,125 37,550 Expenses Advertising 5,015 4,200 DepreciationEquipment 10 , 0T0 3 , 5 70 Salaries 19,300 17,100 Supplies used 2,020 1,?40 Rent: 7,035 6,010 Utilities 2,965 2,600 Total expenses I15,905 40,300 Income (loss) 5 11,220 5 (2.750) 1. Prepare a departmental contribution to overhead report 2. Based on contribution to overhead. should the electric guitar department be eliminated? Complete this question by entering your answers In the tabs below. Required 1 Required 2 Prepare a departmental contribution to overhead report. 0 0 Total direct expenses 0 Departmental contribution to overhead