Exit Ticket - Decision-Making Using decision-making learned in this chapter, pick one of the following items below for repair or purchase, and determine what would be the relevant and non-relevant costs. Use the internet to research prices and other information. A. You have a car that needs $1,000 worth of repairs. Let us know what year, make, and model you choose to currently own. Your other option is to buy a new or another used car. Consider cost, fuel, etc. in your decision-making to see which alternative you might choose. What other non- financial factors would be considered? B. Your refrigerator needs repairs of $500 and is six years old. Or you can purchase a new refrigerator. Research costs and saving in electricity to determine which option you should choose. What other non-financial factors would be considered? You must post your response first, before you see responses from your classmates. Part Final 8 R Y P F G. H J K L V B 2 Problem:3.14 points.cache 16 points) Given the flowing income statement for ABG company, awer to following questions. Show your work Ss 15,000 units 3150.000 Oss Vario Costs CODOO Contribuon an 90.000 LOF Cont 0 000 Not income $0 000 A What is the contribution margin por unt? B. What is the contribution margin ratio? cWhat is the breakeven point in its D. How many units would need to be sold to make a total net income of $120.0007 Problem 4 (10 points) Complete the production budget Desired ending inventory is 40% of next month's Assume this was met for March and carried to Apeis beginning inventory Syrexpected to be 7.000 units Ard 4600 Sales (Units) Desired ending Inventory Total needs Les Begle Units to produce Way 38001 Total Problem 55 points.cach 12 points Direct material Price Variance is (QAP)-AQSP OAP-SP Q Acompany developed the following per unit standard for is product direct matt 56 per pound Last month 2.000 pounds of Grect materials were actually purchased for $11.400 Calculate the direct mais prie variance for last month. Please show work Direct material at Variance is (AO'SP)-50" SP) or AD-503SP. The standards for direct materials are 2 gallons at 54 pergation. Last month, 11200 ord med to produce 8.000 of product Calculate the direct massage variance for last month Paseo Direct material Quantity Variance is (AQSP)-(SQSP) or (AQ-SQ SP. The per-unit standards for direct materials are 2 gallons at 54 per gallon. Last month, 11.200 gallons of direct materials was actually used to produce 6,000 units of product. Calculate the direct materials usage variance for last month. Please show work Problem 6 (4 points each - 3 points) Using the High-Low method, determine the amount of variable cost per unit and the total Exed cost. Show your work Total costs Total miles High month 21500 3.000 Low month 20.000 2500 Variable cost per unit Fored cost per month Problem 706 points) Use the following table for this question Present Value of an Annu Period 1092 0925 1783 27 0108 0977 1.755 2531 1.736 247 A company has a minimum required rate of rotum of 10% and is considering investing in a project that costs $200,000 and is expected to generato cash Infows of $85.000 at the end of each year for three yoors Calculate the net present value of this project Please show your work Exit Ticket - Decision-Making Using decision-making learned in this chapter, pick one of the following items below for repair or purchase, and determine what would be the relevant and non-relevant costs. Use the internet to research prices and other information. A. You have a car that needs $1,000 worth of repairs. Let us know what year, make, and model you choose to currently own. Your other option is to buy a new or another used car. Consider cost, fuel, etc. in your decision-making to see which alternative you might choose. What other non- financial factors would be considered? B. Your refrigerator needs repairs of $500 and is six years old. Or you can purchase a new refrigerator. Research costs and saving in electricity to determine which option you should choose. What other non-financial factors would be considered? You must post your response first, before you see responses from your classmates. Part Final 8 R Y P F G. H J K L V B 2 Problem:3.14 points.cache 16 points) Given the flowing income statement for ABG company, awer to following questions. Show your work Ss 15,000 units 3150.000 Oss Vario Costs CODOO Contribuon an 90.000 LOF Cont 0 000 Not income $0 000 A What is the contribution margin por unt? B. What is the contribution margin ratio? cWhat is the breakeven point in its D. How many units would need to be sold to make a total net income of $120.0007 Problem 4 (10 points) Complete the production budget Desired ending inventory is 40% of next month's Assume this was met for March and carried to Apeis beginning inventory Syrexpected to be 7.000 units Ard 4600 Sales (Units) Desired ending Inventory Total needs Les Begle Units to produce Way 38001 Total Problem 55 points.cach 12 points Direct material Price Variance is (QAP)-AQSP OAP-SP Q Acompany developed the following per unit standard for is product direct matt 56 per pound Last month 2.000 pounds of Grect materials were actually purchased for $11.400 Calculate the direct mais prie variance for last month. Please show work Direct material at Variance is (AO'SP)-50" SP) or AD-503SP. The standards for direct materials are 2 gallons at 54 pergation. Last month, 11200 ord med to produce 8.000 of product Calculate the direct massage variance for last month Paseo Direct material Quantity Variance is (AQSP)-(SQSP) or (AQ-SQ SP. The per-unit standards for direct materials are 2 gallons at 54 per gallon. Last month, 11.200 gallons of direct materials was actually used to produce 6,000 units of product. Calculate the direct materials usage variance for last month. Please show work Problem 6 (4 points each - 3 points) Using the High-Low method, determine the amount of variable cost per unit and the total Exed cost. Show your work Total costs Total miles High month 21500 3.000 Low month 20.000 2500 Variable cost per unit Fored cost per month Problem 706 points) Use the following table for this question Present Value of an Annu Period 1092 0925 1783 27 0108 0977 1.755 2531 1.736 247 A company has a minimum required rate of rotum of 10% and is considering investing in a project that costs $200,000 and is expected to generato cash Infows of $85.000 at the end of each year for three yoors Calculate the net present value of this project Please show your work