Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all, I will leave a like ! Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority
please answer all, I will leave a like !
Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team Jerseys are the company's biggest source of revenue. A portion of Leslle's operating information for the company's last year follows: Number of Jerseys Operating Month Printed Cost January $5,830 February 5,785 March 5,945 April May June July August September October November December 215 210 235 550 685 515 450 365 325 245 8,640 9,755 9,290 6,245 6,175 6,045 5,965 4,990 4,890 190 185 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.) Variable Cost per Jersey Fixed Cost 4. Using the high-low method results, calculate the store's expected operating cost if it printed 440 jerseys. (Do not round your intermediate calculations, Round your answer to the nearest whole number.) Total Cast 5. Perform a least-squares regression analysis on Leslie's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 6. Using the regression output, create a linear equation (yabx) for estimating Leslie's operating costs. (Round your answers to 2 decimal places.) Tots Cost (Number of Jerseys) 7. Using the least-squares regression results, calculate the store's expected operating cost if it prints 650 jerseys (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.) Total Cost Consider the following information for Presidio Inc.'s most recent year of operations. Additional Information for Presidio's most recent year of operations follows: $ Number of units produced Number of units sold Unit sales price Direet materials per unit Direct labor per unit Variable manufacturing overhead per unit Fixed manufacturing overhead per unit (5322,110 - 2,700 unita) Total variable selling expenses ($10 per unit sold) Total fixed general and administrative expenses 2,700 1,600 770.00 65.00 95.00 45.00 119.30 16,000.00 80,000.00 Required: 2. Complete a full absorption costing income statement and a variable costing income statement for Prosidio. Assume there was no beginning inventory Presidio, Inc Full Absorption Income Statement $ 1.232.000 Sales 518 880 Less Cost of Goods Sold * Answer is not complete. Presidio, Inc. Contribution Margin Income Statement Sales revenue $ 1,232,000 Less: Variable Manufacturing Costs Variable Selling Expenses Contribution margin Less: Fixed Manufacturing Costs Fixed General and Administrative Expense 16,000 888,000 322,110 88,000 Net Operating Income $ 477,890 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started