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Attached are 7 short questions, that i help with. Thank you in advance. Presented below is the production data for six months of the year
Attached are 7 short questions, that i help with. Thank you in advance.
Presented below is the production data for six months of the year showing the mixed costs incurred by Swift Company. MONTH COST UNITS July $12,000 3,000 August $12,500 3,250 September $12,250 2,250 October $14,250 3,750 November $20,000 5,500 December $22,750 5,750 Swift Company uses the high-low method to analyze mixed costs. The predicted total cost at an operating level of 11,000 units is __________. Please show all of your calculations. Grosbeak Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 5,000 units and of Product B is 10,000 units. There are three activity cost pools, with total cost and activity as follows: Total Activity Product A Activity Cost Pool Total Cost Product B Activity 1 $ 20,000 700 300 1,000 Activity 2 $ 30,000 400 800 1,200 Activity 3 $ 15,000 200 200 400 The activity-based costing cost per unit of Product B is $____________. Round to the nearest cent. Total Please show all your calculations. Turnstone Company has the following information available: Revenue $750,000 Variable production costs $125,000 Fixed production costs $100,000 Variable selling costs $75,000 Fixed selling costs $50,000 The contribution margin is __________? You must enter your answer in the following format: $x,xxx Puffin Corporation has two divisions: East and West. Data from the most recent month appears below: Sales Variable expenses Traceable fixed expenses $ $ $ East West 500,000 $ 400,000 125,000 $ 80,000 75,000 $ 10,000 The company's common fixed expenses total $25,000. If the company operates at exactly the break-even sales of the East Division and West Division, what would be the company's overall net operating income (loss)? Please enter your answer in the following format: for net income: $x,xxx or for net loss: ($x,xxx) Towhee Motel's cost function is given as: Y = $60,000 + $7.25X Where: Y = annual custodial cost X = number of guest-days of occupancy In the current year, Towhee Motel has 10,000 guests days. In the next year, Towhee Motel expects an occupancy level of 11,000 guest days. All costs next year will remain in the same relevant range as the current year. What is the expected fixed custodial cost for next year? You must Please enter your answer in the following format: $x,xxx Plover Corporation, a merchandising company, reported the following results for March: Sales $ 500,000 Cost of goods sold (all variable) $ 100,000 Total variable selling expense $ 25,000 Total fixed selling expense $ 40,000 Total variable administrative expense $ 10,000 Total fixed administrative expense $ 25,000 The gross margin for March is _____________. please show all your calculations. Phoebe Corporation produces a single product. Data from the company's records for last year follow: Units in beginning inventory 0 Units produced 3,500 Units sold 3,000 Selling price per unit $500 Variable costs per unit: Direct materials $75 Direct labor $100 Variable manufacturing overhead Variable selling and administrative $50 $15 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $75,000 $100,000 Under variable costing, net operating income would be $__________. please show all your calculationsStep by Step Solution
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