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Can someone please show me how to do p2 in this diagram because I'm really struggling 48 October November 45 4,210 December 3,830 628 $55,420

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image text in transcribedCan someone please show me how to do p2 in this diagram because I'm really struggling
48 October November 45 4,210 December 3,830 628 $55,420 12,560 Totals REQUIRED l. Classify the costs as variable, fixed, or mixed. 2. Using the high-low method, mixed costs into their variable and fixed com- ponents. Use total hours worked as the basis 3, Compute the average cost per job for the year. (Hint: Divide the total of all costs for the year by the number of jobs completed.) Use estimated hours to determine utilities costs. (Round to two decimal places.) 4. BUSINESS APPLICATION Project the average cost per job for next year if variable costs per job increase 20 percent. (Round to two decimal places.) 5. AccoUNTING CONNECTION Why can actual utilities costs vary from the amount computed using the utilities cost formula? 4,5 Breakeven Analysis P2. Park & Morgan, a law firm, is considering opening a legal clinic for middle- and low-income clients. The clinic would bill at a rate of S18 per hour. It would employ law students as paraprofessional help and pay them S9 per hour. Other variable costs are anticipated to be $5.40 per hour, and annual fixed costs are expected to total S27,000 REQUIRED l. Compute the breakeven point in billable hours. 2. Compute the breakeven point in total billings. 3. BUSINESs APPLICATION Find the new breakeven point in total billings if fixed costs should go up by S2,340 4. BUSINESS APPLICATION Using the original figures, compute the breakeven point in total billings if the billing rate de by si per hour, other variable costs decrease by so 40 per hour, and fixed costs go down by S3,600. Planning Future Sales: Contribution Margin Approach P3. BUSINESS APPLICATION All Honors Industries is considering a new product tor its Trophy Division. The product, which would feature an alligator, is expected to have global market appeal and become the mascot for many high school and ath ictic eams. Expected variable unit costs are as follows: direct materials, S18.50; labor, 4.25; production supplies, S1.10; S2.80; and other s1.95. Annual costs are depreciation, building, and equipment, s36,000; advertising, s45,000 si 1,400. Plans are to sell the product for S55 and other

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