Question Content Area

The manufacturing costs of Calico Industries for 3 months of the year are as follows:

	Total Cost	Production (units)
April	$118,300	282,300
May	84,800	162,600
June	99,800	234,600

Using the high-low method, the variable cost per unit and the total fixed costs are

Round your intermediate calculations to two decimal places.

a. $5.04 per unit and $3,926, respectively

b. $0.50 per unit and $19,628, respectively

c. $0.28 per unit and $39,256, respectively

d. $2.80 per unit and $3,926, respectively

Q2

Assume that Corn Co. sold 7,500 units of Product A and 2,500 units of Product B during the past year. The unit contribution margins for Products A and B are $27 and $61, respectively. Corn has fixed costs of $373,000. The break-even point in sales units is

Do not round intermediate calculations and round your final answer to nearest dollar.

a. 10,507 units

b. 12,608 units

c. 15,761 units

d. 8,406 units

Q3

Question Content Area

Malcolm has a capital balance of $56,000 after adjusting to fair market value. Celeste contributes $47,600 to receive a 25% interest in a new partnership with Malcolm.

Determine the amount and recipient of the partner bonus. $fill in the blank 1 bonus paid to

CelesteMalcolm