I am having trouble solving this problem on question #27. Can you please show me how to solve it step by step?

Cost Mastery Problemi cost-Volume-Profit Analysis Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cont data, and wants your help in determining the cont behavior. After reviewing the data, complete requirements (1) and (2) that follow Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cost 12,000 shelves $144,000 $14,800 $125,000 24,000 shelves 258,000 28,600 125,000 48,000 shelves $76,000 56,200 125,000 60,000 shelves 720,000 70,000 125,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these Lumber Variable Cost Utilities Mixed Cost Depreciation Fixed cost 2. For each cost, determine the fixed portion of the cost and the per unit variable cost. If there is no amount or an amount is zero, entar * Recall that, for Number of Units Produced, Total Costs - (Variable Cost Per Unit XN) + Pixed cost. Complete the following table wth your answers, Round variable portion of cont (per unit) answers to two decimal places, Fixed Portion Variable Portion Cost of Cost of Cost (per Unit) Lumber 07 144,000 x OX Utilities 25,600X 07 Depreciation 125,000 Previous and make Print Item High-Low Biblio Fles Company is the chief competitor of Cover-to-Cover Company in the bookshell business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the data, answer questions (1) through (3) that follow Units Produced Total Cost January 4,360 units $65,600 February 300 6,250 March 1,000 15,000 April 7,800 156,250 May 1,750 32,500 June 3,015 48,000 1. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs (Variable Cost Per Unit x Number of Units Produced) + Fixed Cost. Complete the following table. Total Fixed Cost Variable Cost per Unit 2. with your Total Fixed Cost and variable Cost per unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Total Cost Units Produced 3,500 4,360 7,800 3. Why does the total cost computed for 4,360 units not match the data for January? a. The high-low method is accurate only for months in which production is at full capacity b. The high-low method only gives accurate data when fixed costs are zero. Previous Check My Work Print Item Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2048 Sales $384,000 Variable costs: Manufacturing expense $230,400 Selling expense 19,200 Administrative expense 57,600 (307,200) Contribution margin $76,800 Fixed costs: Manufacturing expense $5,000 Selling expense 4,000 Administrative expense 10,200 (19,200) Operating income $57,600 Income Statement - Bibllo Files Bibllo Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Sales $384.000 Variable costs: Manufacturing expense 53,600 Selling expense 15,360 61,440 (230,400) Administrative expense Contribution margin $153,600 Fixed costs: Previous Check My Work Save and Bar Submit Assignment for All work saved. Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2048 Sales $384,000 Variable costs: Manufacturing expense $230,400 Selling expense 19,200 Administrative expense 57,600 (307,200) Contribution margin $76,800 Fixed costs: Manufacturing expense $5,000 Selling expense 4,000 Administrative expense 10,200 (19,200) Operating income $57,600 Income Statement - Biblio Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y8 Sales $384.000 Variable costs: 53,600 15,360 Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs 61,440 (230,400) $153,600 Prey Check My Work Save and Exit Submit Assignmen All work saved Printiem Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $384,000 Variable costs: Manufacturing expense $153,600 Selling expense 15,360 Administrative expense 61,440 (230,400) Contribution margin $153,600 Fixed costs: Manufacturing expense $78,000 Selling expense 8,000 Administrative expense 10,000 (96,000) Operating income $57,600 Sales Mbx Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, Basic and Deluxe. The company has compiled the following estimates for the new product offerings. Type of Sales Price Variable Cost Bookshelf Basic $5.00 Deluxe 9.00 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the Basic and Deluxe products as components of one overall enterprise product called "Combined, the unit contribution margin for the Combined product would be $2.31. Fixed costs for the upcoming year are estimated at $323,400. Recall that the totals of all the sales mix percents must be 100%. Determine the amounts to complete the following table Type of Percent of Break-Even Sales Break-Even Sales Bookshelf Sales Mix in Units In Dollars Previous Check My Work per Unit per Unit $1.75 Save and be Submit Assignment for Grau All work saved. bilo Files Company is making plans for its next fiscal year, and dedoel Law timates for the new product offerings. Type of Sales Price Variable Cost Bookshelf per Unit per Unit $5.00 $1.75 Basic Deluxe 8.10 9.00 he company is interested in determining how many of each type of bookshelf would have to be sold in order to break even. If we think of the Basic and Deluxe products s components of one overall enterprise product called "Combined, the unit contribution margin for the combined product would be $2.31. Pred costs for the upcoming rear are estimated at $323,400. Recall that the totals of all the sales mix percents must be 100%. Determine the amounts to complete the following table. Type of Percent of Break-Even Sales Break-Even Sales Bookshelf Sales Mix In Units In Dollar Basic Deluxe Feedback Target Profit Refer again to the income statements for Cover to-Cover Company and BiblioFiles Company on their respective Income Statement. Note that both companies have the same sales and net income. Answer questions (1) . (3) that follow, assuming that all data for the coming year is the same as the current year, except for the amount of sales 1. It Coverto-Cover Company wants to increase its profit by $30,000 in the coming year what must their amount of sales be? 2. 1 Bibllo File Company wants to increase its profit by $30,000 in the coming year, what must their amount of sales be? 3. What would explain the difference between your answers for (1) and (2)? Previous Pihlin Files Caman has a higher contribution mamin ratic and some of mach dotaris able to cover fixed costs and videos Check My Work Save and Exit Subtiment for Grading All work saved