Homework Answers
Analysis of present Data
Analysis of proposed data
Sales (current year) = $2,880,000 + $900,000 i.e. $3,780,000
Total Variable Costs = 55.56% of sales (derived from last year analysis)
= 55.56% of $3,780,000
= $2,100,000
Total Fixed costs = Last year fixed costs + Additional fixed cost
= $587,500 + $212,500
= $800,000
Notes:
- Read the amounts in screenshot carefully (because of comma).
- The percentage of variable cost to sales is 55.555555555555%. It is rounded off to 55.56% i.e. two decimal places. But actual percentage is used to compute total variable costs.
- Only first requirement is provided in the question. So only requirement 1 is solved. Other parts of the question are not provided in the question.
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