mapter 20 Mastery (Master) Mastery Problem Cost-Volume-Profit Analysis Cort Behavior Cover-to-Cover Commenter of having fur book. The company has compled the following costiteta, and wants your hela determining the interviener viewing the data complete reauirements (1) and (2) Total Total Total Machine Unite Lumber Utilities Depreciation Produced Cout Cout Cout 6.000 560.000 17.000 5130,000 12.000 120.000 14,000 130,000 24.000 es 240,000 28,500 130.000 20,000 300,000 35,500 130,000 1. Determine whether the costs in the table or arbeid, or none of the Lumber Variable Cost Us Depreciation 2. For each cost, termine the feed portion of the most, and the per-unit variable cost. If there is no amount or an amount is ters, enter Polecal that, for Number of Us Produced, Total Costs - Variable Cost Per Unit XN) + and Cost Complete the foowing table with your answers, Round variable portion of cost (per unit) anwwers to two decimal places Fixed Portion Variable Portion Cost of Cout of cost (per unit) Lumber Lentes Deprecation Crack My Work more Check My Worming NCC 102). Cengagowanie thing wrong Fra 10 C apter 20 Mastery (Mastery) High-Low Dionis Company is the che competitor of Cover-to-Cover Company in the bookshell bosiness, biofles is analysing its manufacturing costs, and has come the following data for the first six months of the Year Arter reviewing the data answer questions (1) through that foten Units Produced Total Cost January 4,360 units $65.600 February 275 6,250 March 1.000 15.000 Aors 4.775 96,250 May 1,750 32,500 LUNG 3,015 48.000 1. From the data previously provided the Bible Company estimate the feed and variable portion of its total costs using the high-low method, Recall that costs (Variable Cost Per Unt Number of Units Produced) - Pared Cost Complete the following tabi Total Fixed Cost Variable Cost per Unit 2. With your Total cost and Variable Cost per unit from the high-low method, compute the total cost for the following values of N(Number of Units Producer) Number of Units Produced Total Cost 500 4.360 4,775 3. Why does the total cost computed for 4,360 units not match the data for January? The high-low method is accurate only for months in which production is a full capacity b. The high-low method only gives accurate as when oud costs are apter 20 Mastery (Mastery) c The high low method gives a formula for the strated total cost and may not match levels of production other than the highest and lowest a. The nien-ew method over accurate data only for reels af production outside the sevent range, Contribution Margin Review the contribution come Matement for Cover-to-Cover Company and the Company on their respective Income Statements Complete the following table from the data provided on the income statement tech company od 7.000 units during the year Cover-to-Cover Biblio Files Company Company Contbonno (percent) Unit Cortion margin Break even sales (unit) Bresleven les collars) Income statement-Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $589,000 Variable costs Manufacturing expen 5233,400 Seling expert 19,450 Administrative expense 58,350 (311,200) Contribution margin 377,800 Cred My Workomore Check My Workers remaining All work saved Eman instructor Save and it Submit Assignment for Gradin Simmentare: 0.0% apter 20 Mastery (Mastery) Puedos Manufacturing en 35.000 Seling 4.000 Administrative per 10.450 Operating income 358,350 Income Statement Bible Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 20Y Sales $389,000 Variable costs Manufacturing expense 5155,600 Seling expand 15,560 Administrative expense 62,240 (233.400) Contribution margin $155,600 Fored costs Manufacturing exp 579,250 Selling expense 3.000 Administrative pense 10,000 197.250) Operating income 558,350 Sales Mix blo Files Company is making and for its next fiscal year, and decides to sell to new types of bookshelves Basic and Des. The company has come the flowing estimates for the new product offerings Type of Sales Price Variable cost Bookshelf per Unit per Unit Check My Wok Check My Wong per Unit hapter 20 Mastery (Mastery) Type of Sales Price Variable cost Bookshelf per Unit Basic $5.00 $125 Deluxe 19.00 3.10 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 Deve products as components of one overall enterprise product called "Combined the unit contribution margin for the combined product would be 23. Fixed costs for the upcoming year are estimated at $330, 330. Recall that the totals of all the same percent must be 100. Determine the amount to complete the following table Type of Percent of break-even Sales Break-even Sales Bookshelf Sales Mix in Units in Dollars Basic De Target Profit Refer again to the income statements for Cover-to-Cover Company and BiblioFries 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 data for the coming year is the same as the current year, except for the amount of sales 1. If Cover to cover company wants to increase its profit by $20,000 in the coming year, what must their amount of sales be? 2. fiolet Company wants to increase its profit by $20,000 in the coming year what must their amount of sales be? J. Wat would in the difference between your answers for (1) and (2) Biblio Fles Company as a higher contribution marginai, and so more of each sales color is available to cover fred costs and provide operating income b. Cover to Cover Company's contribution margin ratio lower meaning that is more efficient operations The companies have goals that are not in the relevantage d. The answers are not afferent each company has the same required sales amount for the coming year to achieve the desired target profit Check My Workomore Check My Wong inte Submit went for Gradine