Havana Hats makes the world's best hats. Information for the last eight months follows:MonthJanuaryNumber of HatsProducedTotal Cost7,900$ 12,425February7,40812,000March6,30011,150April5,4008,300May4,6587,680June2,2005,380July2,6005,580August4,6587,750Required:Perform a least squares regression.Note: Round your answers to 2 decimal places.Variable cost per unitTotal fixed cost

Step 1: Units Produced Total cost High activity-level 7,900 $12,425 Low activity-level 2,200…

Answered: Havana Hats makes the world's best…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match each of the following costs of producing T-shirts with the appropriate classification. Clear All Ink used for screen printing Warehouse rent of $8,000 per month plus $0.50 per square foot of storage used Thread Electricity costs of $0.038 per kilowatt-hour Janitorial costs of $4,000 per month Fixed cost Variable cost Mixed cost
PLEASE TO PERFORM IN EXCEL AND SHOW FORMULAS Comercial El Suspiro, S.A., purchases 2'100,000 units per year of a component. The cost of each order is $25.00. The annual unit maintenance cost is 27% of its cost of $2.00. On a 360-day basis, calculate the reorder point, knowing that it takes 10.5 days for the supplier to put in the LAB company the goods, and the company sorts and stores them in 1.5 days, calculate the reorder point.
Great Bubbles, Inc. produces multicolored bubble solution used for weddings and other events. The company sold 70,000 bubble kits during December, and its actual operating income was as follows: (Click the icon to view the actual income statement.) The company's flexible budget income statement for December follows: (Click the icon to view the flexible budget income statement.) Read the requirements. Output units Sales revenue Variable expenses: Cost of goods sold Sales commissions expense Utility expense Fixed expenses: Salary expense Depreciation expense Rent expense Utility expense Income Statement Performance Report For the month ended December 31 The Actual Flexible Budget Variance Flexible Budget These variances suggest that the marketing department did a Volume Variance job by selling Question 1 of 4 > Master Budget ▼kits than expected, at a Data table sale price than expected. Great Bubbles, Inc. Income Statement Month Ended December 31 $ Sales revenue.. Variable expenses: Cost…
This month your vendor invoiced $31,500 in testing charges for your production run. The unit cost for testing is twice as much for each of the first 400 units per month as compared to each unit over 400. If we shipped 500 units to the vendor this month, find: (a) Average cost per unit; (b) Cost per unit below the price break point; (c) Marginal cost for the 650th unit. The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment with assisted living care. The facility has operating expenses of $600,000 per month. Staffing levels are dependent on the number of residents.
The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $1,100 and $1,107 for June and July, respectively. The number of equivalent units produced in June and July was 11,000 and 12,300 liters, respectively. Evaluate the change in the cost of energy between the two months. Round your answers to the nearest cent. Energy cost per liter, June Energy cost per liter, July The cost of energy has LA by $
Please help with the COS schedule. I have included an info sheet with all breakdowns. See below if you need this information: Income for January-actual activity based on price levels: For example, if you chose a grooming price of $25 per groom, the actual grooms in January were 4 per day assuming a 30-day month.If you chose. . .The actual # of grooms/daycare/kennelGrooming price $25 4 grooms per dayGrooming price $30 3 grooms per dayGrooming price $35 2 grooms per dayDaycare price $18 22 dogs per dayDaycare price $20 12 dogs per dayDaycare price $25 9 dogs per dayKennel price $25 12 dogs per dayKennel price $28 9 dogs per dayKennel price $30 6 dogs per day
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Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 8,000 4,500 7,000 8,600 3,750 6,000 3,000 5,000 Variable cost per unit Total fixed cost Total Cost $ 7,000 5,000 6,250 7,750 5,000 6,250 4,250 5,750 Required: Using the high-low method, calculate the variable cost per hat and total fixed cost per month. Note: Round your "Variable cost per unit" answer to 3 decimal places.
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Show in excel format - 9. The sales for Re - Works Inc., a company that fabricates iron fencing from recycled metals, are all on account. For the first three months of the year, Re - Works management expects the following sales: A table shows Re - Works Inc's sales for January ($120,000), February ($130,000) and March ($140,000). Based on past collection patterns, management expects the following: A table shows Re - Works Inc's collection patterns in the month of February showing month of sale (10%), month after sale (50%), and the remainder - second month after sale (40%). Also, based on past experience, management forecasts that 5 percent of accounts receivable will be uncollectible and will eventually be written off. What are the expected cash receipts for March? 10. With the same sales forecasts as in question 9, Re - Works Inc. management would like to implement some changes to credit policy and credit terms that they believe would change the collection pattern going forward and…
Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February Number of Hats Produced 6,750 2,800 3,250 4,250 March April May June July August Suppose that Havana expects to sell 4,700 hats during the month of September and that each hat sells for $2.75. Havana performed a least-squares regression and obtained the following results: Intercept X Variable 1 Total Cost $ 7,500 3,900 4,200 5,050 8,150 7,800 3,700 6,150 6,800 Coefficients 1,255.09 0.91 4,450 6,900 7,520 Required: Prepare Havana's contribution margin income statement for the month of September. Note: Round your answers to 2 decimal places. Havana Hats Contribution Margin Income Statement Month of September ▬▬ Next

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