1. value: 0.00 points Parker Company manufactures and sells a single product. Required: 1.A partially completed schedule of the company's total and per unit costs over a relevant range of 60,000 to 100,000 units produced and sold each year is given below. Complete the schedule of the company's total and unit costs. (Round the "Cost per unit" to 2 decimal places. Omit the "$" sign in your response.) Units Produced and Sold60,00080,000100,000Total costs:Variable costs$ 150,000 $ $ Fixed costs360,000 Total costs$ 510,000 $ $ Cost per unit:Variable cost$ $ $ Fixed costTotal cost per unit$ $ $ 2.Assume that the company produces and sells 90,000 units during the year at the selling price of $7.50 per unit. Prepare a contribution format income statement for the year. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "$" sign in your response.) Parker Company Contribution Format Income Statement$ $ 2. value: 0.00 points Speedy Parcel Service operates a fleet of delivery trucks in a large metropolitan area. A careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. If a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. Required:1.Using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (Round the "Variable cost per mile" to 3 decimal places and the "Fixed cost" to the nearest dollar amount. Omit the "$" sign in your response.) Variable cost$ per mileFixed cost$ per year 2.Express the variable and fixed costs in the form Y = a + bX. (Round the "Variable cost per mile" to 3 decimal places and the "Fixed cost" to the nearest dollar amount. Omit the "$"...
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here