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Please help with the following: Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called
Please help with the following:
Quivers Inc. began operations on January 1 of the current year. The company produces eight-ounce bottles of jet wax called Ophelia Shine. The wax is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labo r, and factory overhead costs are as Part A. Break-even Analysis Part B. Budgets Finished Goods Inventory Materials Inventory Instructions 1. Determine the fixed and variable portion of the utility cost using the high-low 2. Determine the contrinution margin per case. 3. Determine the fixed costs per month, including the utility fixed cost from question (1). 4.Determine the break-even num ber of cases per month There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operatina data from Januarv. Instructions 5.Prepare the August production budget. 6.Prepare the August direct materials purchases budget. Develop the direct materials purchases budget
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