Question 2 of 7 11/16 Sunland Manufacturing manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for the production of 2,800 units. The company's Utilities and Maintenance costs are mixed costs. The fixed portions of these costs are $380 and $ 280, respectively. Calculate the expected costs to be incurred when production is 4,800 units. Use your knowledge of cost behavior to determine which of the other costs are fixed or variable. Costs Incurreg 2,800 Production in Units Production Costs 4,800 Type of cost a. Direct Materials $ 8,624 11424 Variable b. Direct Labor 22,624 23284 Variable c Utilities 1.584 2244 Mixed d. Rent 3.800 3800 Fixed e Indirect Labor 6,104 6764 Variable 1. Supervisory Salaries 2,300 2300 Fixed & Maintenance 1.624 2284 Mixed h: Depreciation 3,300 3300 Fbeed Current Attempt in Progress Ivanhoe, Inc. earned a net income of $ 315,000 last year. This year it wants to earn a net income of $ 465,000. The company's fixed costs are expected to be $315,000, and variable costs are expected to be 70% of sales. (a) Determine the required sales to meet the target net income of $ 465,000 using the mathematical equation Required sales $ e Textbook and Media Save for Later Last saved 3 minutes ago Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above Current Attempt in Progress Ivanhoe Co.estimates that variable costs will be 70% of sales and fixed costs will total $3,040,800. The selling price of the product is $ 14.00, and 760,000 units will be sold. Using the mathematical equation, (a) Compute the break even sales units and sales dollars. Break-even sales units units Break-even sales dollars $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above Current Attempt in Progress In September, Sandhill Industries sold 850 units of product. The average sales price was $ 35. During the month fixed costs were $ 8.400 and variable costs were 60% of sales. (a) Determine the contribution margin in dollars, per unit, and as a ratio (Round Contribution margin to decimal places. 2.3.5,275. Other all answers to 2 decimal places, eg. 52.75) $ Contribution margin din dollars) Unit contribution margin Contribution margin ratio e Textbook and Media Smitor Later Attempts of used Submit Answer (b) Sheridan Farms reports the following results for the month of November: Sales (10,000 units) $630,000 Variable costs 440,000 Contribution margin 190,000 Fixed costs 110,000 Net income $ 80,000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66%%% of sales. 3. Reduce fixed costs by $ 10,000. Calculate net income for the above courses of action Course Net Income 1. Increase selling price $ 2. Reduce variable cost $ erk Question 3 of 7 1. Increase selling price by 5% with no change in total variable costs. 2 Reduce variable costs to 66/-% of sales. 3. Reduce fixed costs by $10,000. Calculate net income for the above courses of action Course Net Income 1. Increase selling price $ 2. Reduce variable cost S 3. Reduce fixed cost $ $ If maximizing net income is the objective, which is the best course of action? Best course of action is e Textbook and Media Save for Later MacBook Air