Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculations were to be provided for each item - either as a formula in the cell or off to the side. Calculations were not reviewed.

"Calculations were to be provided for each item - either as a formula in the cell or off to the side. Calculations were not reviewed. Once formulas are in place, I will review the answers".

VARIABLE AND FIXED COSTS

My professor was asking me for the calculations for my Milestone 1 fixed and variable cost in Managerial Accounting. I don't know how she wanted me to do it.

image text in transcribed
fx 1 B C G Milestone One - Variable and Fixed Costs DWN 5 Collars 7 Item Variable Cost/Item 9 Item High-tensile strength nylon webbing Fixed Costs Calculal 4.00 10 Polyesterylon ribbons Collar maker's salary (monthly) 3.00 2,773.33 11 Buckles made of cast hardware Depreciation on sewing machines 55.00 2.00 12 Price tags Rent 250.00 0.10 13 Utilities and insurance 200.00 14 Scissors, thread, and cording 400.00 15 Loan payment 183.33 Salary to self 16 166.67 17 19 Total Variable Costs per Collar $ 9.10 Total Fixed Costs $ 4,028.33 20 22 23 Leashes 25 Item Variable Cost/Item Item Fixed Costs 27 High-tensile strength nylon webbing 6.00 Leash maker's salary (monthly) 2,773.33 28 Polyesterylon ribbons 4.50 Depreciation on sewing machines 55.00 29 Buckles made of cast hardware 1.50 Rent 250.00 30 Price tags 0.10 Utilities and insurance 200.00 31 Scissors, thread, and cording 400.00 32 Loan payment 183.33 33 Salary to self 166.67 34 35 36 $ 4,028.33 38 Total Variable Costs per Leash 12.10 Total Fixed Costs 4,028.33 39 41 42 Harnesses Fixed Costs 44 Item Variable Cost/Item Item 2,946.66 46 High-tensile strength nylon webbing 6.00 Harness maker's salary Depreciation on sewing machines 55.00 4.50 47 Polyesterylon ribbons 250.00 48 Buckles made of cast hardware 4.00 Rent 200.00 0.10 Utilities and insurance 49 Price tags 400.00 Scissors, thread, and cording 50 183.33 Loan 166.67 51 Salary to self 52 53 54 55 Total Fixed Costs $ 4,201.66 $ 14.60 57 Total Variable Costs per Harness

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Ethical Obligations And Decision Making In Accounting Text And Cases

Authors: Steven Mintz

6th Edition

1264135947, 9781264135943

More Books

Students also viewed these Accounting questions

Question

4. What means will you use to achieve these values?

Answered: 1 week ago