Sherri has developed a new popular bag for which she would like to hire workers to produce and spend some time promoting it. She will rent a garage for $900 per month for production purposes. Utilities will cost $90 per month. O Sherri has already taken an industrial design course at the local college to help prepare. This course cost $400. *Sherri will rent production equipment at a monthly cost of $1100 Sherri estimates the material cost per unit will be $11, and the labour cost will be $0 Sherr will need to quit her job, which pays $9000 per month. Advertising and promotion will cost $900 per month. Sherri anticipates producing 70 bag Answer the 1. What is the total anticipated fixed cost S amount associated with production of the new product for the first month? 2940 2. What is the total anticipated variable cost S amount associated with the production of the new product for the first month? 370 430 = $1400x 3. What is the total opportunity cost $ amount associated with producing the new product? ou 4 What is the total sunk cost S amount associated with producing the new product? $400 5. Which cost $ amount would NOT be considered a 4400 You are the accountant for Mon Inc., a manufacturer of automobiles. Mon Inc. has the following information available for you (assume there are no indirect materials). Only use numeric characters - do not use dollar signs, commas, decimal places, etc. Calculate the missing values at the bottom. Opening balance, Raw Materials: $ Opening balance, Work In Progress: $ Opening balance, Finished Goods: $ Wages paid to production-line workers: $ Wages paid to the company lawyers: $ Wages paid to the factory cleaning staff: $ Amortization of head office computers: $ Amortization of factory building: $ Purchase of supplies for head office: $ Purchase of supplies for factory: $ Purchase of automobile parts: $ 35 Ending balance, Raw Materials: $ 42 Ending balance, Work In Progress: $ Ending balance, Finished Goods: $ = 265 84 58 Raw materials requisitioned: $ [A] Manufacturing overhead applied: $ [B] Cost of goods sent to finished goods warehouse: $ [C] 12 74 27 68 107 43 22 11 71 13 8 241 Manufacturing overhead is: $3 over-applied