Bargain Rental Car wants to better understand the variable and fixed portions of its car washing costs. The company operates its own car wash facility that cleans each rental car before releasing it to another customer. Management believes the variable portion of its car washing costs relates to the number of rental returns. Accordingly, the following data have been compiled: Month January February March April May June July August September October November December Rental Returns. 2,500 2,500 2,800 3,100 3,700 5,200 5,600 5,700 4,800 4,900 2,300 3,100 Exercise 5A-2 Part 2 (Algo) Fixed cost per month Variable cost per rental return Car Wash Costs $ 11,800 $ 13,500 $ 12,600 2. Using least-squares regression; estimate the variable cost per rental return and the monthly fixed cost incurred to wash cars. Note: Round Fixed cost to the nearest whole dollar amount and the Variable cost per unit to 2 decimal places. $ 15,500 $ 17,000 $ 24,900 $ 23,000 $ 24,200 $ 23,600 $ 23,500 $ 11,500 $ 17,000 wwwwww

Required information In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. On December 31 of last year, NGS had 10 units at a total cost of $6.90 per unit. Nicole purchased 30 more units at $8.50 in February. In March, Nicole purchased 10 units at $10.50 per unit. In May, 50 units were purchased at $10.30 per unit. In June, NGS sold 50 units at a selling price of $12.50 per unit and 30 units at $10.50 per unit. 2. Compute the Cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first-in, first-out…

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Marigold, Ltd. manufactures shirts, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Direct materials Direct labor Variable overhead Fixed overhead Indirect material Indirect labor Equipment repair Equipment power Total Supervisory salaries Insurance Property taxes Depreciation Standard Price $3 per yard $14 per DLH $3.20 per DLH $3 per DLH Utilities Quality inspection Total Sandy Robison, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Sandy asked CFO Suzy Summers for more information. She provided the following overhead budgets, along with the actual results for November. Annual Budget $449,000 The company purchased 82,000 yards of fabric and used 93,600 yards of fabric during the month. Fabric purchases during the month were made at $2.80 per yard. The direct labor payroll ran…

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Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the following information available regarding costs at representative levels of monthly sales: Cost of food sold Wages and fringe benefits Fees paid delivery help Rent on building Depreciation on equipment Utilities Supplies (soap, floor wax, etc.) Administrative costs Total Monthly sales in units 5,000 8,000 10,000 $15,000 $24,000 $30,000 4,350 4,560 4,700 1,300 2,080 2,600 1.300 1,300 1,300 400 400 400 750 840 900 150 180 200 1.500 1.500 1,500 $24.750 $34,860 $41,600 (a) Identify each cost as being variable, fixed, or mixed. Cost of food sold Wages and fringe benefits Fees paid delivery help Rent on building Depreciation on equipment Variable # Mixed ● Variable ÷ Fixed Fixed

How do I determine the company's total contribution margin, contribution margin per service call, and contribution margin ratio when 50 service calls are made in the month of June? Problem E21-23

Allocation of Administrative Costs Wical Rental Management Services manages four apartment buildings, each with a different owner. Wical’s CEO has observed that the apartment buildingswith more expensive rental rates tend to require more of her time and also the time of her staff. Thefour apartment buildings incur a total annual operating expense of $7,345,733, and these operatingexpenses are traced directly to the apartment buildings for the purpose of determining the profitearned by the building owners. The annual management fee that Wical earns is based on a percentageof total annual operating expenses and is negotiated each year. For the current year, the fee rate is 6%,and Wical has the following information for current-year average rental rates and occupancy rates:[LO 18-3]Apartment Complex Number of Units Average Occupancy Average RentCape Point 100 88.0% $1,895Whispering Woods 250 77.0 1,295Hanging Rock 200 72.0 995College Manor 350 82.0 895Total 900For the current year, Wical…

Activity-Based Supplier Costing Ventana Company is a car window repair and replacement company operating in the after-sales market. Ventana’s purchasing manager uses two suppliers (Jones Glass and Claro Glass) for the source of its passenger car windows. Data relating to side windows (Side) and windshields (WS) are given below. I. Activity costs Activity   Adverse buying* 696,000 Supplier returns** 79,800 * Extra cost of purchasing from local car dealer because of insufficient delivery of supplier.** Windows returned because they were not ordered or because they were defective. II. Supplier Data   Jones Glass   Claro Glass   Side WS   Side WS Unit purchase price   $60     $145       $57     $142   Units purchased   15,000     15,000       30,000     30,000   Insufficient units   750     750       3,600     3,600   Returned units   425     425       1,000     1,000   Required: 1. Calculate the activity rates for assigning costs to suppliers. Adverse buying…

Required information In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could. manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. On December 31 of last year, NGS had 20 units at a total cost of $5.40 per unit. Nicole purchased 30 more units at $7.40 in February. In March, Nicole purchased 20 units at $9.40 per unit. In May, 60 units were purchased at $9.20 per unit. In June. NGS sold 60 units at a selling price of $11.40 per unit and 50 units at $11.60 per unit. 2. Compute the Cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first-in, first-out…