Zerbel Company, a wholesaler of large, custom-built air conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month: Units Total Shipping Shipped Expense March Month January February 7 4752368 April May June July $2,200 $3,100 $2,600 $1,500 $2,200 $3,000 $3,600 Using the high-low method, estimate the cost formula for shipping expense.
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- a. Using the least squares method, develop the equation for predicting weekly receiving report costs based on the number of shipments received. b. What is the predicted amount of receiving report costs for a month (assume a month is exactly four weeks) in which 165 shipments are received?Suppose that Stillwater Designs has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places small, frequent orders, and the non-JIT distributor tends to place larger, less frequent orders. Both types of distributors are buying the same product. Stillwater Designs provides the following information about customer-related activities and costs for the most recent quarter: JITDistributors Non-JITDistributors Sales orders 1,000 100 Sales calls 70 70 Service calls 350 175 Average order size 650 6,500 Manufacturing cost/unit $125 $125 Customer costs: Processing sales orders $3,380,000 Selling goods 1,120,000 Servicing goods 1,050,000 Total $5,550,000 Required: 1. Calculate the total revenues per distributor category, and assign the customer costs to each distributor type by using revenues as the allocation base. Selling price for one unit is $150. Round calculations to the nearest dollar. JIT…Widget Co. produces widgets for customers. The company has provided the following financial information for the past year. Each scenario below is separate. Product Selling price per unit Sales Quantity Variable cost per unit Fixed costs Widgets $9.00 528,000 $2.00 $67,000 Do not enter dollar signs or commas in the input boxes. Round breakeven units up to the nearest whole number. Round breakeven sales to the nearest whole number. a) Calculate break-even units and break-even sales. Breakeven units = Breakeven sales = $ b) Suppose the company would like to generate an operating profit of $5,000. Determine the revenue that is needed to obtain this target, and calculate the number of units that need to be produced to meet this goal. Breakeven units = Breakeven sales = $ c) Suppose the company decides to lower the selling price from $9.00 per unit to $8.00 per unit. Calculate break-even units and break- even sales. Breakeven units = Breakeven sales = $ d) Suppose that fixed costs drop to…
- The controller at Speedy Delivery wants to break-out the cost of deliveries into fixed and variable components so that it will be better able to predict costs for next year. Below are the delivery costs incurred each month and the number of deliveries. Delivery Cost January $2,176.00 February 2,272.00 March 1,926.40 April 1,696.00 May 1,600.00 75 [] June 2,752.00 135 July 3,616.00 180 August 1,849.60 88 September 1,676.80 79 October 3,808.00 November 3,961.60 4,000.00 Month December Required: 2. Calculate the fixed cost of overhead. $ = = Deliveries 105 110 92 Using the high-low method: 1. Calculate the variable cost rate per deliveries. Round the answer to two decimal places. $ + 80 + 190 3. Construct the cost formula for total overhead cost. If required, round your answer to two decimal places. Total cost Fixed cost Variable cost ($ per unit x Number of deliveries) 4. The company is estimating that in January the number of deliveries will be 125. How much should it estimate to have…Required information [The following information applies to the questions displayed below.] Phillips Company manufactures air-conditioning units for commercial buildings and has noticed considerable variation in shipping expenses from month to month as per the data below: Month January February March April May June July Unita Shipped Total contribution margin 8 Total Shipping Expense $1,680 $2,580 Given the facts in part 3-8, estimate the total contribution margin for August if seven air conditioners are produced and sold. $ $1,950 $1,212 $1,800. $2,220 $3,072 2,170LO.4 (High-low method) Wyoming Wholesale has gathered the following data on the number of shipments received and the cost of receiving reports for the first seven weeks of 2013. Number ofShipments Received Weekly Cost ofReceiving Reports 50 $175 44 162 40 154 35 142 53 185 58 200 60 202 a. Using the high-low method, develop the equation for predicting weekly receiving report costs based on the number of shipments received.b. What is the predicted amount of receiving report costs for a week in which 72 shipments are received?
- The Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven to each area. It wants to separate the fixed and variable portion of the truck's operating costs so it has a better idea of how distance affects these costs. the Company has the following data available. Month Miles driven Total operating costs January 16,200 $22,650 February 17,000 $23,250 March 20,000 $25,000 April 16,500 $22,875 May 17,400 $23,550 June 15,000 $22,000 Using the high-low method, the monthly operating costs if the Company drives 21,000 miles in a month will be (Round any intermediary calculations to the nearest cent.)Hult Games buys electronic components for manufacturing from two suppliers, Milan Components and Dundee Parts. If the components are delivered late, the shipment to the customer is delayed. Delayed shipments lead to contractual penalties that call for Hult to reimburse a portion of the purchase price to the customer. During the past quarter, the purchasing and delivery data for the two suppliers showed the following. Milan Dundee Total Total purchases (cartons) 98,000 42,000 140,000 Average purchase price (per carton) $ 20.00 $ 22 $ 20.60 Number of deliveries 80 20…Premium Beds is a retailer of luxury bed frames located in Los Angeles, California. Due to a recent industry-wide financial crisis, the CFO of Premium Beds fears a significant drop in the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. Sales price per unit $ 3,000.00 Per-unit variable costs: Invoice cost 2,218.80 Sales commissions 281.20 Total per-unit variable costs $ 2,500.00 Total annual fixed costs: Advertising $ 236,000 Rent 178,000 Salaries 386,000 Total annual fixed costs $ 800,000 The annual breakeven point in dollars is: $4,800,000. $4,500,000. $4,100,000. $4,600,000. $4,300,000.
- Please do not give solution in image format ?Premium Beds is a retailer of luxury bed frames located in Los Angeles, California. Due to a recent industry-wide financial crisis, the CFO of Premium Beds fears a significant drop in the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. Sales price per unit $ 3,250.00 Per-unit variable costs: Invoice cost 2,500.00 Sales commissions 280.00 Total per-unit variable costs $ 2,780.00 Total annual fixed costs: Advertising $ 230,800 Rent 176,900 Salaries 385,800 Total annual fixed costs $ 793,500 If 3,550 bed frames were sold, Premium Bed's operating income (πB) would be: Multiple Choice $915,000. $955,000. $875,000. $1,015,000. $795,000.General Accounting
