Mastery Problem: Cost-Volume-Profit Analysis Cost Behavior High-Low Contribution Margin Income Statement - Cover-to-Cover Cost Behavior Shaded cells ha hos compiled the following cost data, and wants your help in Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Units Produced 12,000 shelves 24,000 shelves 48,000 shelves 60,000 shelves Total Lumber Cost $144,000 288,000 576,000 720,000 Total Utilities Cost $14,800 28,600 56.200 70.000 Total Machine Depreciation Cost $125,000 125,000 125,000 125,000 1. Determine whether the costs in the table are variable, fixed, mixed, of none of these lasery PIUUiell. CUSCULUMFIUL N 313 Cost Behavior High-Low Contribution Margin LLLLLLLL Income Statement - Cover-to-Cover Cost Behavior Shaded cells have 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, enter "0". Reca N= Number of Units Produced, Total Costs (Variable Cost Per Unit X N) + Fixed Cost. Complete the following table with your answers, Cost Fixed Portion of Cost Variable Portion of Cost (per unit) Lumber Utilities Depreciation Points Feedback Lost Behavior Shaded cel OV High-Low January $65,600 he 4,360 225 February 6,250 March 1,000 April 5,475 15,000 111,250 32,500 48000 May 1,750 June 3,015 1. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high- 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 Points: 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 Produced) Number of Units Produced Total Cost 3,500 4,360 5,475 1.D Points Review the contribution margin income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Stateme Complete the following table from the data provided in the income statements. Each company sold 84,800 units during the year. Biblio Files Company Cover-to-Cover Company Contribution margin ratio (percent) Unit contribution margin Break-even sales (units) EL S Break-even sales (dollars) SE Points: Feedback Check My Work Income Statement - Biblio Files Sales Max Shaded cells have fe Type of Bookshelf Variable Cost per Unit Sales Price per Unit $5.00 $1.75 Basic 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 Bas. Deluxe products as components of one overall enterprise product called "Combined," the unit contribution margin for the Combined product would $2.31. Fixed costs for the upcoming year are estimated at $346,962. Recall that the totals of all the sales mix percents must be 100%. Determine: amounts to complete the following table. Type of Bookshelf Percent of Sales MX Break-Even Sales in Units Break-Even Sales in Dollars Basic Deluxe Target Profit Shaded cells have feedback Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement panels. Note that b 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. Cover-to-Cover Company wants to increase its profit by $30,000 in the coming year, what must their amount of sales be