Compute the monthly and annual fixed portion of the following semi-variable expense using the high-low method: Month 12345 Rooms Volume 175 125 128 200 150 Carry the unit variable rate to four decimals. Round the final answers to whole dollars. Labor Cost $100 80 79 120 90
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- Electronio ExperGecupancy Percentage 62 Month January April August 6,200 6,600 68 7,200 78 December 5,500 50 Jsing the highllow two point method to: 1 Determine the variable cost per 1poercent of occupancy 2 Estimate the fixed costs per month 3 What is the estimated total electric expense at 62 pecent of ocoupancy? ANSWER Month Electronic Expenses Oooupanoy Percentage High August 7,200 78 Low December 5,500 50 Difference 1,700 28 1 Variable cost per 1% of ocoupanoy = 61 2 Total variable cost of electric expense for December = Total fixed cost of electric expense for December = 3,035.71 2,464.29 Total variable cost of electric expense for August = Total fixed cost of electrio expense for August = 4,735.71 2,464.29 3 Using the fixed cost for December as the total fixed cost for estimation Total variable cost of electric expense at 62%. oooupancy = Total fixed oost of electric expense at 62% occupanoy Estimated total electric expense at 62% occupancy =Question Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%Problem 1 Calculate the break even number of units it the fixed expenses are $7,000 and the contribution magin is $ 14 Junit.
- Question Three AU Ltd manufactures and sells a single product, the company's sales and expenses for the month of January 2021 were as follows: Total (Kshs) Value per unit (Kshs) Sales 1,200.00 80.00 Less: Variable expenses 840.00 56.00 Contribution 360.00 24.00 Less: Fixed expenses 300.00 Net income 60.00 Required: (i) What is the monthly breakeven point in units and in shillings? What is the total contribution margin at breakeven point? (ii) (iii) How many units would be sold each month to earn a minimum target net income of kshs. 36,000? (iv) Using the original data, compute a company's margin of safety in both shilling and in percentage terms. (v) What is the contribution margin ratio, if the monthly sales increase by Kshs 16,000?Account Analysis Method Penny Hassan runs the Shear Beauty Salon near a college campus. Several months ago, Penny used some unused space at the back of the salon and bought two used tanning beds. She hired a receptionist and kept the salon open for extended hours each week so that tanning clients would be able to use the benefits of their tanning packages. After three months, Penny wanted additional information on the costs of the tanning area. She accumulated the following data on four accounts: Wages January $1,750 February 1,698 March 1,836 Supplies and Maintenance $1,422 1,860 4,050 Wages Supplies & Maintenance Equipment Depreciation Equipment Depreciation $129 129 129 Electricity $350 414 663 Account Balance Tanning Minutes 4,119 3,888 6,639 Number of Visits Penny decided that wages and equipment depreciation were fixed. She thought supplies and maintenance would vary with the number of tanning visits and that electricity would vary with the number of tanning minutes. Required: 1.…17 Find the EAR in cach of the following cases (Use 365 days a year Do not round Intermediate calculations end enter your answers es a percent rounded to2 decimal places, e.g, 3216.). Elfective Rate (EAR) Humber of Times Campounded Quarterly Monthly, Staled Ratz. (APR) 17.1 13.41 Dary 106 Infate
- Problem 2 Java Company manufactures a product that is subject to wide seasonal variations in demand. Unit costs are computed on a quarterly basis by dividing each quarter's manufacturing costs (materials, labor, and overhead) by the quarter's production in units. The company's estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials Direct labor. .. Manufacturing overhead. . Total manufacturing costs.... P240,000 P120,000 96,000 228.000 P564,000 48,000 204.000 P372.000 P 60,000 24,000 192,000 P276,000 P180,000 72,000 216.000 P468,000 Number of units to be produced. . Estimated cost per unit ... 80,000 P7.05 40,000 P9.30 20,000 P13.80 60,000 P7.80 Management finds the variation in unit costs to be confusing and difficult to work with. It has been suggested that the problem lies with manufacturing overhead, since it is the largest element of cost. Accordingly, you have been asked to find a more suitable way of assigning…0O The manufacturing costs of Mocha Industries for 3 months of the year are as follows: Total Cost Production April $105,050 2,100 units May 112,190 2,940 June 123,410 4,260 Using the high-low method, determine the (a) variable cost per unit and (b) the total fixed costs. Round "Cost per unit" answer to two decimal places. a. Variable cost per unit per unit b. Total fixed costs Previous Next 3:26 PM 53°F Sunny a, (中岁 12/14/2021 甲 # 五 144Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975
- Question #4 Stephens Marine Repair is trying to establish the standard labor cost of a typical water-cooling pump repair. The following data have been collected from time and motion studies conducted over the past month. Actual time spent on pump repair $24.00 Hourly wage rate Payroll taxes Onsite setup and downtime Final adjustments and testing Fringe benefits 20% of wage rate Required (a) repair (b) (c) 10% of wage rate repair. (d) 1.75 hours 5% of actual labor time 10% of actual labor time Determine the standard direct labor hours per pump Determine the standard direct labor hourly rate. Determine the standard direct labor cost per pump If a pump repair took 1.75 hours at the standard hourly rate, what was the direct labor quantity variance?Problem 6-13 Calculating EAR (LO3) Find the EAR in each of the following cases: (Use 365 days a year. Do not round intermediate calculations. Round the final answers to 2 decimal places.) Stated Rate (APR) 10.8% 19.8 15.8 12.8 Number of Times Compounded Quarterly Monthly Daily Infinite Effective Rate (EAR) 용Question 4: Construction company XYZ has estimated the labor expenses for a foreman to be the following Calculate annual cost of this worker for the company and its % of mark up. Annual Salary 120000 Bounce 8000 Allowances 500 Social security Social security limit Medicare 6.20% 128700 1.45% Futa 0.60% Limit 7,000 SUTA Rate 3% SUTA Limit 7,000 Worker's comp. Rate $/$100 4.25 General Liability Rate 1.02% 401K 7% Health Insurance $/per month 375