(15 pts) Sole Company manufactures running shoes. The selling price is s80 per p
ID: 2567212 • Letter: #
Question
(15 pts) Sole Company manufactures running shoes. The selling price is s80 per pair (unit) and variable costs are $60 per pair(unit). The sales volume of $776,000 generates $100,750 of net income before taxes. Compute: A) Total fixed costs. B) Total variable costs. C) The break-even point in units. 2. (10 pts.) Assume the following information for Marie Company: Selling price per unit Variable cost per unit Total fixed costs After-tax net income Tax rate To achieve the targeted after-tax net income, what amount of sales in dollars is needed? $100 $80 $80,000 $24,000 40% (15) Presented below is the production data for six months showing the mixed costs incurred by Andrew Company. Month Cost July August September October November December S5,890 4,024- 7,480 8,840- 5,800 7,336 4,100 3,200 6,300 7,500- 5,800 6,600 Using the high-low method, determine the cost function 4. 20 pts.) Yesterday Bank had the following activities, traceable costs, and physical flow of driver units: TraccableCosts--PhysicalFlowofDriver Units Activities Open new accounts Process deposits Process withdrawals $40,000 $72,000 $100,000 1,000 accounts 360,000 deposits 200,000 withdrawals The above activities are used by Downtown branch and North branch as follows: Downtown Activities Open new accounts Process deposits Process withdrawals 200 40,000 15,000 400 20,000 18,000 A) Compute the new account cost assigned to the Downtown branch. B) Compute the deposit processing cost assigned to the North branch. C) Compute the withdrawal processing cost assigned to the North branchExplanation / Answer
2)
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