Frankfurters sells steamed hot dogs for $2.50 each. The company provided the following units and total cost data concerning its hot dog sales for the last six months of 2018: Units Cost March 2,400 $3,020 April 2,530 $3,125 May 2,300 $3,040 June 2,250 $2,700 July 2,160 $2,730 August 2,030 $2,680 a. Using the high-low method, what is the variable cost per unit? b. Using the high-low method, what is the fixed cost per month?

TJ's Cheese Cake Factory, Inc. sells original cheese cake for $16 each. The company provided the following units and total cost data concerning its cake sales for each month during 2011: Cost a. b. January February March C. d. April May June July August September October November December 55,000 59,000 60,000 64,000 67,000 71,000 74,000 77,000 75,000 68,000 62,000 73,000 Units 2,500 2,800 3,000 4,200 4,500 5,500 Use the linear regression method to estimate fixed and variable costs. Interpret and evaluate your regression model and results. Write out the cost formula. Estimate total costs in a month when 6,000 cakes are produced and sold. Estimate total profit in a month when 6,000 cakes are produced and sold. e. You are working on the budget for October 2012 and expect 10,000 cakes will be produced and sold. Estimate total costs in a month when 10,000 cakes are produced and sold. Will you use the estimated cost in your budget? Why? f. How does linear regression differ from the high-low…

Oriole Industries produces and sells a cell phone-operated home security control systems. Information regarding the costs and sales during May 2022 is as follows. Unit selling price Unit variable costs Total monthly fixed costs Units sold $55.00 $31.90 $125,000 8,300 Prepare a CVP income statement for Oriole Industries for the month of May. (Round per unit answers to 2 decimal places, e.g. 15.25.) Oriole Industries CVP Income Statement $ $ Total $ $ Per Unit Percent of Sales % % %

Corp uses the LIFO method. Using the information provided, what is the unit cost of the 17 units remaining in inventory at month end?. Beginning of the month: 30 units of Product BN4, each costing $14. Week 1: Buys 12 units for $15 each • Week 2: Buys 20 units for $16 each Week 4: Sells 45 units for $32 each Answer: A. $14 B. $15 C. $16 D. $32