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(Solved) Attached are 7 short questions, that i help with. Thank you in


Attached are 7 short questions, that i help with.  Thank you in advance.  


Presented below is the production data for six months of the year

 

showing the mixed costs incurred by Swift Company.

 

MONTH

 


 

COST

 


 

UNITS

 


 

July

 


 

$12,000

 


 

3,000

 


 

August

 


 

$12,500

 


 

3,250

 


 

September

 


 

$12,250

 


 

2,250

 


 

October

 


 

$14,250

 


 

3,750

 


 

November

 


 

$20,000

 


 

5,500

 


 

December

 


 

$22,750

 


 

5,750

 


 

Swift Company uses the high-low method to analyze mixed costs.

 

The predicted total cost at an operating level of 11,000 units is

 

__________.

 

Please show all of your calculations.

 


 

Grosbeak Company uses activity-based costing. The company

 

has two products: A and B. The annual production and sales of

 

Product A is 5,000 units and of Product B is 10,000 units. There

 

are three activity cost pools, with total cost and activity as

 

follows:

 

Total Activity

 

Product

 

A

 


 

Activity Cost Pool

 


 

Total Cost

 


 

Product B

 


 

Activity 1

 


 

$

 

20,000

 


 

700

 


 

300

 


 

1,000

 


 

Activity 2

 


 

$

 

30,000

 


 

400

 


 

800

 


 

1,200

 


 

Activity 3

 


 

$

 

15,000

 


 

200

 


 

200

 


 

400

 


 

The activity-based costing cost per unit of Product B is

 

$____________. Round to the nearest cent.

 


 

Total

 


 

Please show all your calculations.

 


 

Turnstone Company has the following information available:

 

Revenue

 


 

$750,000

 


 

Variable production costs

 


 

$125,000

 


 

Fixed production costs

 


 

$100,000

 


 

Variable selling costs

 


 

$75,000

 


 

Fixed selling costs

 


 

$50,000

 


 

The contribution margin is __________? You must enter your

 

answer in the following format: $x,xxx

 

Puffin Corporation has two divisions: East and West. Data from

 

the most recent month appears below:

 


 

Sales

 

Variable expenses

 

Traceable fixed

 

expenses

 


 

$

 

$

 

$

 


 

East

 


 

West

 


 

500,000

 


 

$

 

400,000

 


 

125,000

 


 

$

 

80,000

 


 

75,000

 


 

$

 

10,000

 


 

The company's common fixed expenses total $25,000. If the

 

company operates at exactly the break-even sales of the East

 

Division and West Division, what would be the company's overall

 

net operating income (loss)? Please enter your answer in the

 

following format: for net income: $x,xxx or for net loss:

 

($x,xxx)

 


 

Towhee Motel's cost function is given as:

 

Y = $60,000 + $7.25X

 

Where:

 

Y = annual custodial cost

 

X = number of guest-days of occupancy

 


 

In the current year, Towhee Motel has 10,000 guests days. In the

 

next year, Towhee Motel expects an occupancy level of 11,000

 

guest days. All costs next year will remain in the same relevant

 

range as the current year.

 

What is the expected fixed custodial cost for next year? You

 

must Please enter your answer in the following format:

 

$x,xxx

 


 

Plover Corporation, a merchandising company, reported the

 

following results for March:

 

Sales

 


 

$

 


 

500,000

 


 

Cost of goods sold (all variable)

 


 

$

 


 

100,000

 


 

Total variable selling expense

 


 

$

 


 

25,000

 


 

Total fixed selling expense

 


 

$

 


 

40,000

 


 

Total variable administrative

 

expense

 


 

$

 


 

10,000

 


 

Total fixed administrative expense

 


 

$

 


 

25,000

 


 

The gross margin for March is _____________.

 

please show all your calculations.

 


 

Phoebe Corporation produces a single product. Data from the

 

company's records for last year follow:

 

Units in beginning inventory

 


 

0

 


 

Units produced

 


 

3,500

 


 

Units sold

 


 

3,000

 


 

Selling price per unit

 


 

$500

 


 

Variable costs per unit:

 

Direct materials

 


 

$75

 


 

Direct labor

 


 

$100

 


 

Variable manufacturing

 

overhead

 

Variable selling and

 

administrative

 


 

$50

 

$15

 


 

Fixed costs:

 

Fixed manufacturing overhead

 

Fixed selling and administrative

 


 

$75,000

 

$100,000

 


 

Under variable costing, net operating income would be

 

$__________.

 

please show all your calculations.

 


 

 


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