Use the Following Information to Answer the Questions Below.

Our Business is Planning the Budgets and Costs for the Upcoming Year. using the Following information from a Previous Quarter to prepare the Future Budget. Use the Hi-Low method to Answer the Questions Below. Show Per Unit Amounts to Nearest Penny.

JANUARY INFO;

Units Produced = 9,000 Units, Direct Material costs=$297,000

Direct Labor Costs=$300,000, Selling Related Costs=$60,000

Building Rent & Costs =$33,000 per month

FEBRUARY INFO;

Units Produced = 6,000 Units, Direct Material costs=$198,000

Direct Labor Costs=$200,000, Selling Related Costs=$55,000

Building Rent & Costs =$33,000 per month

MARCH INFO;

Units Produced = 3,000 Units, Direct Material costs=$99,000

Direct Labor Costs=$150,000, Selling Related Costs=$48,000

Building Rent & Costs =$33,000 per month

QUESTIONS

Compute and Show the Estimated Cost Formula for Each of the Following. Show your Answer as a Formula as Follows with NO SPACES. Example= 200+20u, with 200 being the FC and 20 being the VC per Unit.

Direct Materials =

Direct Labor Cost Formula =

Selling Related Costs Formula =

Building Rent and Costs Formula =

Total of ALL Costs Combined =

Compute the Estimated Total Cost to Produce 5,000 Bikes in a Month = Show your Answer as a Number Only, Rounded to Nearest Dollar. No Commas, Dollar Signs or Decimals.

Compute the Estimated Net Income to Produce and Sell 8,000 Bikes using a Sales Price of $99.00 per Bike = =Show your Answer as a Number Only, Rounded to Nearest Dollar. No Commas, Dollar Signs or Decimals.

Compute the Sales Price per UNIT Required to make $30,000 in Net Income for a Month where we produce and Sell 4,000 Bikes = = Round Your Answer to the nearest Penny.