Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 600 units? Periods Total Cost No.of Units 400 January February 36,800 37,580 415 March 39,400 450 April 40,960 480 May 42,260 505 June 43,820 535 July 44,860 555 Select one: O a. 48000 O b. 47200 O c. 53650 O d. 51350
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- How many units are estimated to be sold if Kino, Inc., has planned production of 750,000 units, a desired beginning inventory of 30,000 units, and a desired ending inventory of 45,000 units?Refer to Cornerstone Exercises 2.2 and 2.3. Next year, Pietro expects to produce 50,000 units and sell 49,300 units at a price of 12.50 each. Beginning inventory of finished goods is 42,500, and ending inventory of finished goods is expected to be 34,000. Total selling expense is projected at 26,000, and total administrative expense is projected at 134,000. Required: 1. Prepare an income statement in good form. Be sure to include the percent of sales column. 2. What if the cost of goods sold percentage for the past few years was 65 percent? Explain how management might react.The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express the companys maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs. Predict the maintenance costs i190,000 gallons of paint are produced. Predict the maintenance costs if 81,000 gallons of paint are produced. Using Excel, create a scatter graph of the cost data and explain the relationship between gallons of paint produced and equipment maintenance expenses.
- The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method, express the companys overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. Predict the overtime wages if 9,000 invoices are processed. Predict the overtime wages if 6,500 invoices are processed. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.otal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 21,410 210 February 22,140 240 March 22,875 275 April 23,295 295 May 23,620 310 June 23,830 320 July 24,350 350 Select one: a. Y=18000+18*X b. Y=24500+11*X c. Y=17000+21*X d. Y=18000+19*Xotal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be total cost in August if the company produces 600 units? Periods Total Cost No.of Units January 36,800 400 February 37,580 415 March 39,400 450 April 40,960 480 May 42,260 505 June 43,820 535 July 44,860 555 Select one: a. 48000 b. 53650 c. 51350 d. 47200
- Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 45,750 500 February 46,305 510 March 46,860 520 April 48,248 545 May 49,358 565 June 50,190 580 July 51,855 610 choose one a. Y=18000+55.5*X b. Y=21000+50*X c. Y=19000+52.5*X d. Y=22500+48.3*XTotal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Periods Total Cost No.of Units January 28,840 330 February 29,650 360 March 29,950 370 April 30,335 390 May 30,853 415 June 31,660 450 July 31,945 465 Select one: a. Y=22000+23.5*X b. Y=21250+23*X c. Y=24150+24*X d. Y=23500+21*XTotal cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following will be the total cost in August if the company produces 380 units? Periods Total Cost No.of Units January 21,410 210 February 22,140 240 March 22,875 275 April 23,295 295 May 23,620 310 June 23,830 320 July 24,350 350 Select one: a. 26050 b. 24360 c. 24980 d. 25150
- A company that manufactures and sells a single product. Unit sales for each of the four quarters of 2020 are projected as follows: Quarter Units First 65600 Second 123000 Third 451000 Forth 98400 Total 738000 Teal incurs vairiable manufacturing costs of $0.40 per unit and variable non-manufacturing costs of $0.40 per unit. Teal will incur fixed manufacturing costs of $590,400 and fixed non-manufacturing costs of $885,600. Teal will sell its product for $4 per unit. A) Determine the Net Income using the Integral approach and the Discrete approach for each quarter on 2020 B) Using the information above, determine the Profit margins for each quarter of 2020 using both the Integral approach and the Discrete approach.ABC Company uses FIFO costing and applies lower of cost and net realizable to its inventories. At the beginning of year 2020, 5,000 units were on hand with per unit cost of P 10. During 2020, 10,000 (Purchased date: October 15, 2020) and 25,000 (Purchased date: June 15, 2020) units of inventories were purchased at P 12 and P 15, respectively. Also, 35,000 units of inventories were sold at P 20 each. At what amount will the inventory be reported at the end of the year, assuming estimated selling price of the unit and estimated cost to sell are P 22 and P 7 respectively? a. P 110,000 b. P 75,000 c. P 50,000 d. P 60,000ABC Company uses FIFO costing and applies lower of cost and net realizable to its inventories. At the beginning of year 2020, 5,000 units were on hand with per unit cost of P 10. During 2020, 10,000 (Purchased date: October 15, 2020) and 25,000 (Purchased date: June 15, 2020) units of inventories were purchased at P 12 and P 15, respectively. Also, 35,000 units of inventories were sold at P 20 each. At what amount will the inventory be reported at the end of the year, assuming estimated selling price of the unit and estimated cost to sell are P 22 and P 7 respectively?