W AutoSave MBA... Sa... - Sara Awad D L X Enable Editing X File Home Insert Draw Design Layout References Mailings Review View Help Be careful-files from the Internet can contain viruses. Unless PROTECTED VIEW you need to edit, it's safer to stay in Protected View. 7. Madden Company would like to estimate costs associated with its production of football helmets on a monthly basis. The accounting records indicate the following production costs were incurred last month for 4,000 helmets. Assembly workers' labor (hourly) $70,000 Factory rent 3,000 Plant manager's salary 5,000 Supplies 20,000 Factory insurance 12,000 Materials required for production 20,000 Maintenance of production equipment (based on usage) 18,000 a. Identify which of the costs in the table above are fixed, and which are variable. (2.1) b. Use account analysis to estimate total fixed costs per month and the variable cost per unit. State your results in the cost equation form Y=f+vX by filling in the dollar amounts for f and v. (2.2) c. Estimate total production costs assuming 5,000 helmets will be produced and sold. (2.2) d. Prepare a contribution margin income statement assuming 5,000 helmets will be produced, and each helmet will be sold for $70. Fixed selling and administrative costs total $10,000. Variable , selling and administrative costs are $8 per unit. (5.1) Page 2 of 3 12 of 840 words Focus 03 10095 48F Sunny