This question format for these numbers "The cost ranged from
$4000 for 1000 inspections to $3600 for 600 inspections"
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This question format for these numbers "The cost ranged from
$4000 for 1000 inspections to $3600...
The manager of Able Car Inspection reviewed the monthly operating costs for the past year. The...
The manager of Able Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,000 for 1,100 inspections to $3,200 for 700 inspections. Read the requirements. Requirement 1. Use the high-low method to calculate the variable cost per inspection. Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.) / Change in total cost 800 Change in volume of activity 400 = = Variable cost per...
The manager of Swift Car Inspection reviewed the monthly operating costs for the past year. The...
The manager of Swift Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $ 4100 for 1100 inspections to $ 3,700 for 700 inspections. Use the high-low method to calculate the variable cost per inspection. Select the formula and enter the amounts to calculate the variable cost per inspection 1. Use the high-low method to calculate the variable cost per inspection. 2. Calculate the total fixed costs. 3. Write the equation and calculate the...
Place an X under product, variable, fixed, and mixed costs when appropriate. If a cost is...
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the...
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Monthly sales in units 5.000 8.000 10.000 Cost of food sold $10,000 $16,000 520,000 Wages and fringe benefits 4200 4.320 4,400 Fees paid delivery help 1.100 1.760 2200 Rent on building 1.100 1.100 1.100 Depreciation on equipment 900 900 900 Utilities 800 920 1,000 Supplies (soap, floor wax, etc.) 250 340 400 Administrative...
Need help with requirement 4 * E3-36 (similar to) Question Help presents the only operating income...
Need
help with requirement 4
* E3-36 (similar to) Question Help presents the only operating income statement shown here to George Gomez, a potential investor in the business. Help Mr. G Die Beauty mandatures and ses a face cream to small specially wores in the greater Los Angeles are understand Diva Beauty's cost structure Click the icon to view the operating income statement Read the rements © Data Table Requirement 1. Recast the income walement to emphasire contribution margin Diva...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to view the data.) Mr. Lurvey, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $45,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Requirement 1. Compute the contribution margin of Lurvey Men's Clothing. Determine the formula to calculate the contribution margin, then enter the amounts in...
Please explain requirement 4 in great detail. E3-36 (similar to) High End Beauty manufactures and sells...
Please explain requirement 4 in great detail.
E3-36 (similar to) High End Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles a Lopez understand High End Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. 1 Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017 3. What is the margin...
Godfroy Men's Clothing's revenues and cost data for 2017 are as follows: B (Click the icon...
Godfroy Men's Clothing's revenues and cost data for 2017 are as follows: B (Click the icon to view the data.) Mr. Godfroy, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $25,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Determine the formula to calculate the contribution margin, then enter the amounts in the formula to compute the contribution margin of Godfroy...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost / Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Total operating cost . Total variable cost = Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. (Round the...
The manager of Able Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,000 for 1,100 inspections to $3,200 for 700 inspections. Read the requirements. Requirement 1. Use the high-low method to calculate the variable cost per inspection. Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.) / Change in total cost 800 Change in volume of activity 400 = = Variable cost per...
Place an X under product, variable, fixed, and mixed costs when
appropriate.
If a cost is a period cost, indicate if it is Selling with S or
Administrative with A. Under Per Unit Variable cost and Total Fixed
Cost, place the corresponding dollar amount.
We were unable to transcribe this imageSales Levels Cost Type Cost Type Amounts Per Unit Variable Cost Total Fixed Cost Product Cost Period Cost Variable Fixed Mixed $ $ $ S Is Operating Cost Items Dough...
Revenues $ 500,000 250,000 250,000 $ Cost of goods sold (all variable costs) Gross margin Operating costs: Salaries fixed Sales commissions (9% of sales) Depreciation on equipment and fixtures Store rent ($4,500 per month) Other operating costs 190,000 45,000 14,000 54,000 50,000 353,000 $ (103,000) Operating income (loss) Neylon Men's Clothing's revenues and cost data for 2017 are as follows: Click the icon to view the data.) Mr. Neylon, the owner of the store, is unhappy with the operating results....
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Monthly sales in units 5.000 8.000 10.000 Cost of food sold $10,000 $16,000 520,000 Wages and fringe benefits 4200 4.320 4,400 Fees paid delivery help 1.100 1.760 2200 Rent on building 1.100 1.100 1.100 Depreciation on equipment 900 900 900 Utilities 800 920 1,000 Supplies (soap, floor wax, etc.) 250 340 400 Administrative...
Need
help with requirement 4
* E3-36 (similar to) Question Help presents the only operating income statement shown here to George Gomez, a potential investor in the business. Help Mr. G Die Beauty mandatures and ses a face cream to small specially wores in the greater Los Angeles are understand Diva Beauty's cost structure Click the icon to view the operating income statement Read the rements © Data Table Requirement 1. Recast the income walement to emphasire contribution margin Diva...
Lurvey Men's Clothing's revenues and cost data for 2017 are as follows: BE(Click the icon to view the data.) Mr. Lurvey, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $45,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Requirement 1. Compute the contribution margin of Lurvey Men's Clothing. Determine the formula to calculate the contribution margin, then enter the amounts in...
Please explain requirement 4 in great detail.
E3-36 (similar to) High End Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles a Lopez understand High End Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. 1 Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2017 3. What is the margin...
Godfroy Men's Clothing's revenues and cost data for 2017 are as follows: B (Click the icon to view the data.) Mr. Godfroy, the owner of the store, is unhappy with the operating results. An analysis of other operating costs reveals that it includes $25,000 variable costs, which vary with sales volume, and $5,000 (fixed) costs. Read the requirements. Determine the formula to calculate the contribution margin, then enter the amounts in the formula to compute the contribution margin of Godfroy...
Requirement 1. Use the high-low method to determine Ethan's operating cost equation. Let's begin by determining the formula that is used to calculate the variable cost (slope). Change in cost / Change in volume - Variable cost (slope) Now determine the formula that is used to calculate the fixed cost component. Total operating cost . Total variable cost = Fixed cost Use the high-low method to determine the variable and fixed costs components of Ethan's operating cost equation. (Round the...
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