Frankfurters sells steamed hot dogs for $2.50 each. The company provided the following units and total cost data concerning its hot dog sales for the last six months of 2018: Units Cost March 2,400 $3,020 April 2,530 $3,125 May 2,300 $3,040 June 2,250 $2,700 July 2,160 $2,730 August 2,030 $2,680 a. Using the high-low method, what is the variable cost per unit? b. Using the high-low method, what is the fixed cost per month?
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- TJ's Cheese Cake Factory, Inc. sells original cheese cake for $16 each. The company provided the following units and total cost data concerning its cake sales for each month during 2011: Cost a. b. January February March C. d. April May June July August September October November December 55,000 59,000 60,000 64,000 67,000 71,000 74,000 77,000 75,000 68,000 62,000 73,000 Units 2,500 2,800 3,000 4,200 4,500 5,500 Use the linear regression method to estimate fixed and variable costs. Interpret and evaluate your regression model and results. Write out the cost formula. Estimate total costs in a month when 6,000 cakes are produced and sold. Estimate total profit in a month when 6,000 cakes are produced and sold. e. You are working on the budget for October 2012 and expect 10,000 cakes will be produced and sold. Estimate total costs in a month when 10,000 cakes are produced and sold. Will you use the estimated cost in your budget? Why? f. How does linear regression differ from the high-low…Evansville Company had the following transactions for the month. Number Cost of Units per Unit Purchase 2 $8,000 Purchase 9,000 Purchase 4 9,500 Calculate the gross margin for each of the following cost allocation methods, assuming Evansville sold just one unit of these goods for $12,000. Round your intermediate calculations and final answers to the nearest dollar amount. Gross Margin A. First-in, First-out (FIFO) $4 B. Last-in, First-out (LIFO) C. Weighted Average (AVG) When prices are rising (inflation), which costing method would produce the highest value for gross margin? First-in, First-out Last-in, First-out Weighted AverageEvansville Company had the following transactions for the month. Number Cost per Unit of Units Purchase $5,000 Purchase 6,000 Purchase 6,500 Calculate the gross margin for each of the following cost allocation methods, assuming Evansville sold just one unit of these goods for $10,000. Round your intermediate calculations and final answers to the nearest dollar amount. Gross Margin A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) х х C. Weighted Average (AVG) х
- The following amounts and costs of platters were available for sale by Sierra Pottery during the year: Beginning inventory 10 units at $41 First purchase 15 units at $55 Second purchase 30 units at $70 Third purchase 25 units at $65 Sierra Pottery has 35 platters on hand at the end of the year. How much is cost of goods sold in dollars at the end of the year according to the weighted-average cost method? Select one: a. $4,960 b. $1,732.50 C. $2,790 d. $1,860A store pays $60 for a set of cookware. Overhead expense on each cookware is 6% of the selling price and the profit is 17% of the selling price. Fill in the missing values in the given merchandizing-calculation table. (Round your answers to two decimal places if needed) Profit (P) Amount ($) Expenses (E) Markup (M) $ Cost (C) Selling Price (S) $ S SA Next Question On cost Markup Rate (%) % On Selling price %Evansville Company had the following transactions for the month. Number Cost of Units per Unit Purchase $8,000 Purchase 6 9,000 Purchase 9,500 Calculate the gross margin for each of the following cost allocation methods, assuming Evansville sold just one unit of these goods for $10,000. Round your intermediate calculations and final answers to the nearest dollar amount. Gross Margin A. First-in, First-out (FIFO) B. Last-in, First-out (LIFO) C. Weighted Average (AVG) When prices are rising (inflation), which costing method would produce the highest value for gross margin?
- In its first month of operations, Lily Company made three purchases of merchandise in the following sequence: (1) 310 units at $8, (2) 450 units at $9, and (3) 240 units at $10. (a) Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $Subject - account Please help me. Thankyou.Oliver Brush Company sells standard hair brushes. The following information summarizes Oliver's operating activities for 2018: Requirements 1. Calculate the operating income for 2018 2. Oliver sold 5,400 brushes in 2018. Compute the unit cost for one brush.
- The data during the month of an enterprise who sells product M are as follows: Sale of 2,000 units at the before-VAT price of VND 300,000/unit in the domestic market. Export 500 units at FOB price of VND 310,000/ unit. Purchase 1,000 units with before-VAT price of VND 250,000/ unit. Purchase 300 units with price of VND 280,000/unit stated on the sale invoice. Deductible Input VAT for other purchased services: VND 1,000,000. VAT rate 10%. Exported goods are supported with sufficient documents as prescribed by law The VAT amount payable is * VND 41,100,000 VND 25,600,000 VND 49,500,000 VND 34,000,000I Required information [The following information applies to the questions displayed below.] Frigid Supplies reported beginning inventory of 200 units, for a total cost of $2,000. The company had the following transactions during the month: January 3 Sold 20 units on account at a selling price of $15 per unit. January 6 Bought 30 units on account at a cost of $10 per unit. January 16 Sold 30 units on account at a selling price of $15 per unit. January 19 Sold 20 units on account at a selling price of $20 per unit. January 26 Bought 10 units on account at a cost of $10 per unit. January 31 Counted inventory and determined that 160 units were on hand. 3-a. What is the dollar amount of shrinkage that you were able to determine in periodic inventory system? 3-b. What is the dollar amount of shrinkage that you were able to determine in perpetual inventory system? Periodic inventory system Perpetual inventory system Amount of shrinkageGonzales Brush Company sells standard hair brushes.The following Information summarizes Gonzales's operating activities for 2018. Requirements Requirement 1. Calculate the operating income for 2018 Requirements 2. Gonzales sold 6.200 brushes in 2018 Compute the unit cost for one brush