A machine with a book value of $250,000 has an estimated six-year life. A proposal is offered to sell the old machine for $320,000 and replace it with a new machine at a cost of $390,000. The new machine has a six-year life with no residual value. The new machine would reduce annual direct labor costs from $75,000 to $61,000. Required: 1. Prepare a differential analysis dated October 3 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2). Refer to the lists of Labels and Amount Descriptions for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. If there is no amount or an amount is zero, enter "O". A colon (:) will automatically appear if required. 2. Should the company continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)?

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Scatter Diagrams and High-Low Cost EstimationFrom April 1 through October 31, Will County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations: Month Miles Mowedand Cleaned LaborCosts April 350 $16,000 May 300 15,000 June 400 18,000 July 250 11,000 August 375 17,000 September 200 10,000 October 100 9,600 a. Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = Answer + Answer X b. Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs. Monthly labor costs = Answer + Answer X d.…

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Answer complete question with working,,,,,,answer in text form please (without image), Note: .Every entry should have narration please

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Please help me thouroughly answer part 3 and 4 of this question. Refer to the template pictures below for answers and ignore numbers already entered. Please include calculaions and how you got to the answer. Thank you! Case 7-65. Cost-Volume-Profit with Multiple Products, Sales Mix Changes, Changes in Fixed and Variable CostsObjective 1, 4 Artistic Woodcrafting Inc. began several years ago as a one-person, cabinet-making operation. Employees were added as the business expanded. Last year, sales volume totaled $850,000. Volume for the first five months of the current year totaled $600,000, and sales were expected to be $1.6 million for the entire year. Unfortunately, the cabinet business in the region where Artistic is located is highly competitive. More than 200 cabinet shops are all competing for the same business. Artistic currently offers two different quality grades of cabinets: Grade I and Grade II, with Grade I being the higher quality. The average unit selling prices, unit…

1 A 2 One-time equipment costs B Upgrade Replace $ 2,400,000 $ 4,200,000| 3 Variable manufacturing cost per desk $ 140 $ 75 4 Remaining useful life of equipment (in years) 3 3 5 Terminal disposal value of equipment $ 0 $ 0 All equipment costs will continue to be depreciated on a straight-line basis. For simplicity, ignore income taxes and the time value of money.