get correct answer accounting question I'll create a similar question about fixed costs, following the same pattern but withdifferent numbers. Here's my question:The highest value of total cost was $840,000 in March for Sunshine Drinks Co. Its lowestvalue of total cost was $620,000 in September. The company makes a single product. Theproduction volumes in March and September were 16,000 and 6,000 units, respectively.What is the fixed cost per month? (Round any intermediate calculations to the nearestcent, and the final answer to the nearest dollar.)A. $488,000B. $400,000C. $620,000D. $10,000

Step 1: Definition of the High-Low MethodThe high-low method is used to estimate the fixed and…

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

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Wellington, Inc., reports the following contribution margin income statement for the month of May. The company has the opportunity to purchase new machinery that will reduce its variable cost per unit by $10 but will increase fixed costs by 20%. Prepare a projected contribution margin income statement for Wellington, Inc., assuming it purchases the new equipment. Assume sales level remains unchanged.
What is the fixed cost per month?
What is the fixed cost per month?
The highest value of total cost was $880,000 in June for Mantilla Beverages, Inc. Its lowest value of total cost was $630,000 in December. The company makes a single product. The production volumes in June and December were 17,000 and 12,000 units, respectively. What is the fixed cost per month? (Round any intermediate calculations to the nearest cent, and the final answer to the nearest dollar.)
What is the fixed cost per month?
What is the fixed cost per month? For this accounting question
Calculate the contribution margin per unit, in total, and as a ratio.
A company sells one of the items in its product line for $8.50 each. The variable costs per unit is $4.80, and the associated fixed costs per week are $2,100. If the total revenue is $8,075 per week, then determine each of the following quantities: (1) The weekly level of output, that is the number of items produced and sold, is units. (2) The total variable costs per week are $ (3) The net income per week is $
Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The company’s monthly fixed expenses are $180,000.A. What is the company’s break-even point in units?B. What is the company’s break-even point in dollars?C. Prepare a contribution margin income statement for the month of October when they will sell 10,000units.D. How many units will Cadre need to sell in order to realize a target profit of $300,000?E. What dollar sales will Cadre need to generate in order to realize a target profit of $300,000?F. Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.
Durable Toys Inc. wants to calculate from recent production data the monthly fixed costs and unit variable costs on its Mountain Trike product line. In the most recent month, it produced 530 Trikes at a total cost of $24,190. In the previous month, it produced 365 Trikes at a total cost of $18,745. Hint. Recall that Total costs = Fixed costs + (Unit variable costs) (Number of units produced) What are the fixed costs per month and the unit variable costs? Fixed costs per month 1/month Unit variable costs
Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500.A. What is the company’s break-even point in units?B. What is the company’s break-even point in dollars?C. Construct a contribution margin income statement for the month of September when they will sell 900 units.D. How many units will Maple need to sell in order to reach a target profit of $45,000?E. What dollar sales will Maple need in order to reach a target profit of $45,000?F. Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
Madison Company produces a single product which sells for $60 per unit. Fixed expenses total $16,800 per month, and variable expenses are $39 per unit. During the current month, sales, in units, totaled 1,000 units.Using the information above, match each of the items listed below with the appropriate amount. Contribution margin per unit. Contribution margin ratio. Break-even point in units.…

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