5. What are the required sales if ABC Company desires Net Income of $60,000 based on...
6. In applying the high-low method, what is the unit variable cost? Month January February Miles 76,000 60,000 68,000 90,000 Total Cost $182,000 140,000 168,000 200,000 March April
5. What are the required sales if ABC Company desires Net Income of $60,000 based on the information below: Sales Variable Costs Fixed Costs Variable Costs $60 per unit $15 per unit $120,000
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 76,000 $122,000 February 52,000 110,000 March 66,000 118,000 April 92,000 160,000 Group of answer choices $1.74 $1.25 $2.12 cannot be determined from information given.
Question 4 In applying the high-low method, what is the fixed cost? Month Miles 80,000 January February 50,000 Total Cost $144,000 120,000 141,000 195,000 March 70,000 April 90,000 $26,250 $54,000 $21,000 $75,000
ABC company has budgeted $100,000 of sales for January Sales are 80% cash and 20% on credit Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $15,000 What are the cash collections for January? Select one: O $15,000 none of the answers is correct $95,000 O $100,000 ABC company has budgeted $200,000 of sales for January. Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the...
ABC company has budgeted the following sales. January $100,000 February $200,000 Sales (on Income statement) Sales are 80% credit and 20% cash Credit sales are collected 100% in the month following the sale A/R at Dec 31 = $85,000 What are the cash collections for January and February? Select one: O $20,000 for January and $40,000 for February O $105,000 for January and $120,000 for February O none of the answers is correct O $20,000 for January and $120,000 for...
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost (dollars) January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94.000 April 90,000 130,000 O $36,000 $17,500 $14,000 $50,000
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost (dollars) January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94.000 April 90,000 130,000 O $36,000 $17,500 $14,000 $50,000
In applying the high-low method, what is the total fixed cost? Month Miles (units) Total Cost (dollars) January 80,000 $ 96,000 February 50,000 80,000 March 70,000 94,000 April 90,000 130,000 O $36,000 O $17,500 O $14,000 O $50,000