Vinubhai PA5-2 (Algo) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2, 5-3]Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from ordersfor various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity or sorority apparel tospecial event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue.A portion of Leslie's operating information for the company's last year follows:OperatingCostNumber ofMonthJerseysJanuary215$ 5,865February2055,680March2305,925April5108,680May7059,705June6109,235July4206,240August3406,170September3056,050October2305,960November1851704,9904,890DecemberRequired:3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey.4. Using the high-low method results, calculate the store's expected operating cost if it printed 435 jerseys.Complete this question by entering your answers in the tabs below.Required 3Required 4Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey.Note: Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost"answer to the nearest whole number.Variable Cost per JerseyFixed CostPrev1 of 2Next >

Total cost is the amount of money incurred by the entity on the making of the goods. It includes…

Answered: Leslie Sporting Goods is a locally…

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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Value chain and classification of costs, computer company. Dell Computer incurs the following costs:a. Utility costs for the plant assembling the Latitude computer line of productsb. Distribution costs for shipping the Latitude line of products to a retail chainc. Payment to David Newbury Designs for design of the XPS 2-in-1 laptopd. Salary of computer scientist working on the next generation of serverse. Cost of Dell employees’ visit to a major customer to demonstrate Dell’s ability to interconnect withother computersf. Purchase of competitors’ products for testing against potential Dell productsg. Payment to business magazine for running Dell advertisementsh. Cost of cartridges purchased from outside supplier to be used with Dell printers
Sarasota Company makes swimsuits and sells these suits directly to retailers. Although Sarasota has a variety suits, it does not make the Performance suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the Performance suit would sell for approximately $100. Given its experience, Sarasota believes the Performance suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs (a1) (b) Your answer is correct. Selling price $ Assume that Sarasota uses cost-plus pricing, setting the selling price 25% above its costs. What would be the price charged for the Performance swimsuit? eTextbook and Media $29 35 36 Selling price $ $100 125 Attempts: 1 of 5 used Assume that Sarasota uses target costing. What is the price that Sarasota would charge the retailer for the Performance swimsuit?
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