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I'm stuck on number 4. Also 5d. But if you could also go through and see if I'm incorrect on any of the other answers
I'm stuck on number 4. Also 5d. But if you could also go through and see if I'm incorrect on any of the other answers that would be beautiful. Step by step explanations are greatly appreciated!!!!
4. Using the following data determine the estimated Gross Profit, using Hi-Lo cost estimation, given that you sell each item for $50 and you sold 4,000 items in December. (Round the variable cost to the 5th decimal point) Month Total Costs tems Sold $5,500 July low 2,700 $6,500 3,850 August September $5.400 2,850 $6,000 October 3,160 $7,000 4,500 high November SSoo H500 OS Y 0.83333 32 so. oa 5. George Foreman produces electric grills. Each grill sells for $25.00. The variable cost to produce a grill is $10.50. The fixed selling and distribution costs amount to $150,000. George wishes to earn $75,000 of profit after taxes of 30% are paid. a. How many grills must George sell to recover his costs? CMPW 25 10.50 CA 14.5 O, 344.83 grills b. What will the totals sales revenue amount to if George reaches the goal of recovering all of his costs? TRESPPUR Q. TRE 35 26 20. c. To achieve the profit goal of $75,000 after taxes, what must the before tax profit be? red profit er tax Before Profit tax note. $75 wooo 1 0.30 d. How many grills must be sold to reach the profit goalStep by Step Solution
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