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HW #4 – Chapter 2 Directions: Please submit your work in Word or PDF formats only. You can submit an Excel file to support calculations, but please “cut and paste” your solutions into the Word or PDF file. Be sure to show how you did your calculations. Also, please be sure to include your name at the top of the first page of your file. Question #1 a) A company estimates that its total cost to send out invoices, receive payments, deposit the payments, and update accounting records was $15 per sale in 2015. In 2015, there were 50,000 sales and fixed costs of $250,000. In 2016, the company expects total fixed costs and variable costs per unit to be the same as in 2015. If the company budgets 51,000 sales in 2016, what are the expected total costs and expected costs per unit for 2016? b) Assume the same facts as in part a, except the company expects 49,000 sales in 2016. What are the expected total costs and expected costs per unit for 2016? Question #2 a) A company estimates that its total cost to acquire materials, set up machines, and produce products is $55 per unit produced in 2015. In 2015, there were 125,000 units produced and variable costs per unit produced totaled $25. In 2016, the company expects total fixed costs and variable costs per unit to be the same as in 2015. If the company budgets to produce 128,000 units in 2016, what are the expected total costs and expected costs per unit for 2016? b) Assume the same facts as in part a, except the company expects to produce 123,000 units in 2016. What are the expected total costs and expected costs per unit for 2016? Question #3 The Tiger Company collected the following annual information on total net sales and total operating costs: Year Total Net Sales Total Operating Costs 2014 $9,400,000 $7,200,000 2015 $10,200,000 $7,500,000 In 2016, total net sales are budgeted to be $10,800,000. Using the high-low method, prepare an estimate of total operating costs for 2016, assuming total fixed costs and variable costs as a percentage of total net sales are expected to be the same in 2016 as in 2014 and 2015.
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Posted 21 Dec 2017 01:12 PM
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