Accounting 221 Homework Week7 1) Ocean City Kite Company manufactures & sells kites for $6.00 each. The variable cost per kite is $3.00 with the current annual sales volume of 50,000 kites. This volume is currently Ocean City Kite's breaking even point. Use this information to determine the dollaramount of Ocean City Kite Company's fixed costs. (Round dollar value to the nearest whole dollar & enter as whole dollars only.) 2) Ocean City Kite Company sells kites for $11.50 per kite. In FY 2019, total fixed costs are expected to be S185,000 and variable costs are estimated at $4.00 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of S60,000. Use this information to determine the number of units of kites that Ocean City Kite Company must sell in FY 2019 to meet this goal. (Round your answer to a whole number) 3) The following totals are used to create a CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units) Variable Costs: S10,000 Direct Labor Direct Materials Factory Overhead (variable) Selling Expenses (variable) Admnistrative Expenses (variable) S1,700 1.700 2,000 600 500 Fixed Costs: Factory Overhead (fixed) Selling Expenses (fixed) Admnistrative Expenses (fIxed) S500 1,000 1,000 Frederick Company utilizes a JIT production system and there are no Ravw Materials, Work-in-Process or Finished Goods inventories. Use this information to determine FY 2018 Contribution Margin Percentage. Enter percentage to one decimal place. (example enter 33.5% as 35.5) 4) The following totals are used to create a CVP Income Statement for Frederick Company for FY2018