Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER THE FOLLOWING QUESTIONS 1. 2. 3. 4. High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided

PLEASE ANSWER THE FOLLOWING QUESTIONS

1.

image text in transcribed

2.

image text in transcribed

3.

image text in transcribed

4.

image text in transcribed

High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $149,040 990 units February 205,680 2,040 231,840 2,790 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit March $ b. Total fixed cost $ Contribution Margin Sally Company sells 33,000 units at $43 per unit. Variable costs are $36.12 per unit, and fixed costs are $90,800. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (C) income from operations. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) % $ per unit c. Income from operations Break-Even Point Nicolas Enterprises sells a product for $118 per unit. The variable cost is $59 per unit, while fixed costs are $891,136. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $123 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $123 per unit units Target Profit Forest Company sells a product for $100 per unit. The variable cost is $55 per unit, and fixed costs are $288,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units required for the company to achieve a target profit of $106,560. a. Break-even point in sales units units b. Break-even point in sales units required for the company to achieve a target profit of $106,560 units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Keisters Corporation Accounting And Auditing

Authors: David Armel Keister

1st Edition

1019058382, 978-1019058381

More Books

Students also viewed these Accounting questions

Question

Is short-selling good for the stock markets?

Answered: 1 week ago

Question

5. How would you describe your typical day at work?

Answered: 1 week ago

Question

7. What qualities do you see as necessary for your line of work?

Answered: 1 week ago