Please Help!

Problem 1

Random Inc. Cost data for the last 3 years Show the equation used for Random to separate overhead into fixed and variable components - how much of the change in cost should this equation predict What is the variable cost per unit for overhead? Round to the nearest cent What is the fixed overhead cost per month? Round to the nearest dollar Random analyzes their costs and finds the following: Each unit of inventory uses 2 gallons of materials and each gallon costs $3 On average a worker can produce 16 units of product in an 8 hour shift and gets paid $180 for that shift Each month Random spends $26,500 on selling and administration costs Sales price for 2020 is estimated at $36 per unit What is the contribution margin per unit? Round to the nearest cent How many units does Random need to sell in a month to break even in 2020? Overhead Costs Units Produced January-17 $78,000 5,679 February-17 $91,000 6,751 March-17 $100,000 7.539 April-17 $78,000 5,335 May-17 $89,000 6,480 June-17 $93,000 7,630 July-17 $87,000 6,331 August-17 $94,000 7.998 September-17 $81,000 5.943 October-17 $85,000 7.081 November-17 $100,000 7,694 December-17 $104,000 $ 8,903 January-18 $92,000 7,485 February 18 $104,000 9,062 March-18 $96,000 8.189 April-18 $77,000 5,410 May-18 $83,000 6,556 June-18 $95,000 7,850 July-18 $65,000 4,836 August-18 $92,000 6,828 September-18 $77,000 6.221 October-18 $105,000 8.238 November-18 $103,000 7,842 December-18 $96,000 8,086 January-19 $83,000 6,887 February 19 $100,000 8.438 March-19 $83,000 5,829 April-19 $79,000 5,839 May-19 $74,000 5,703 June-19 $81,000 6,455 July-19 $82,000 6,370 August 19 $74,000 5,684 September-15 $72,000 4,906 October-19 $73,000 5.026 November-19 $92,000 7,630 December-19 $65,000 4,014 How many units does Random need to sell in a month to make $30,000 of profit before taxes? How much in dollars must Random sell in a month to make $100,000 in profit before taxes? Show the predicted contribution margin format income statement for January if production and sales are 7,100 units Show the predicted contribution margin format income statement for February if selling costs are increased by $2,000/month, a new machine increases fixed overhead by $6,000 and makes it so that workers can make 24 in a shift and sales increase by 200 units