Required Information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) [The following information applies to the questions displayed below) Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations (revenues and costs in thousands of dollars) Store 103 102 103 104 les 106 102 100 Revenues 34,110 2,237 5,75 4.002 2,929 4,043 5,904 1,794 5,466 3,25 3,906 4,735 3.562 4,85 2,194 Costs 54,229 2,914 5,106 4,023 3,706 3,354 5,044 2,424 4,728 2,989 4,204 1,220 2.500 4.675 109 110 113 112 114 115 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Required americation.com/ext/map/inde html?contouxtemel browser-Daunch Uthttps%253/ %252Fims medicama mam (Extra Credit) 112 113 114 115 4,715 3,562 4,857 2,174 3,220 2,586 4,675 3,001 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Required a. Use the high-low method to estimate the fixed and variable portions of store costs based on revenues. b. Managers estimate that one of the proposed stores will have revenues of $2.6 million What are the estimated monthly overhead costs, assuming no inflation? c. Managers are also considering a "mega-store with revenues of $11 million What are the estimated monthly overhead costs, assuming no Inflation? Complete this question by entering your answers in the tabs below. Required. A Required B Required Use the high-low method to estimate the fixed and variable portions of store costs based on revenues. (Round variable cost percentage answer to 1 decimal place. Enter fced cost answer in thousands of dollars. Variable cost Fixed cost 54.21% 51.468.000 tomedition.com/ext/map/index.html?con contexternal browser launchUrlhttp%253AK P%252Fims meduca wd Kam (Extra Credit 112 113 114 115 4,715 3,562 4,857 2,174 3,220 2,586 4,675 3,001 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Required a. Use the high-low method to estimate the fixed and vortable portions of store costs based on revenues. b. Managers estimate that one of the proposed stores will have revenues of $26 million. What are the estimated monthly overhead costs, assuming no inflation? c. Managers are also considering a "mega-store" with revenues of $1 million What are the estimated monthly overhead costs. assuming no inflation? Complete this question by entering your answers in the tabs below. Frequired A Required B Required Managers estimate that one of the proposed stores will have revenues of $2.6 million. What are the estimated monthly overhead costs, assuming no inflation? (Do not round variable coat percentage for your calculations. Round your intermediate calculations to the nearest whole dollar Enter your answer in thousands of dollars. Store costs (Required A Required > 112 113 114 115 4,715 3,562 4,857 2,174 3,220 2,586 4,675 3,001 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Required 6. Use the high-low method to estimate the fixed and variable portions of store costs based on revenues b. Managers estimate that one of the proposed stores will have revenues of $2.6 million What are the estimated monthly overhead costs, assuming no inflation? c. Managers are also considering a "mega-store with revenues of 511 milion What are the estimated monthly overhead costs, assuming no Inflation? Complete this question by entering your answers in the tabs below. Required A Required B wired Managers are also considering a maga store" with revenues of $11 million. What are the estimated monthly overhead costs assuming no inflation? (Do not round variable cost percentage for your calculations, Round your intermediate calculations to the nearest whole dollar Enter your answer in thousands of dollars) Store cost