5 points Save Answer Gourmet College has recently opened a restaurant as part of its hospitality major. The manager gathered the following data from the first five weeks of operations. Knowing you are currently taking a managerial accounting course he has asked that you analyze the data. Week Number of customers per week Weekly total restaurant costs incurred $25,200 1,600 1 1,200 2 26.890 3 1,750 28,840 4 1.633 27,150 5 2,000 38,150 6 1,790 29,600 Using the high-low method, what will the total monthly manufacturing costs be if the College's restaurant produces 1,900 units? $36,532 b. cannot be determined $54,330 d. $28,442 Question 2 of 20 Moving to the next question prevents changes to this answer Save Answer Question 12 5 points Ottawa Publishing has a line of credit with their bank and must keep a $10,000 minimum balance each month. There is no outstanding loan at the beginning of January Loans can be borrowed and repaid in any amount. The cash balance on January 1 is expected to be $13,000 Sales were $35,000 in December, and are budgeted to be $11,000 in January and $25,000 in February. All sales are on account and are collected 50% in the month of sale and 50% in the following month. Purchases are budgeted to be $27,000 in January and $11,600 in February. Purchases are paid in full in the month of purchase. All other expenses are listed below, and are all paid in cash in the month incurred: Salaries $700 per month Commissions 10% of sales per month Rent $500 per month Advertising $200 per month A. Prepare a cash budget for January for Ottawa Publishing. What is the loan the amount for January? $3,500 b.$3.000 $900 $2,500 d Question 12 5 points Save Answer Ottawa Publishing has a line of credit with their bank and must keep a $10,000 minimum balance each month. There is no outstanding loan at the beginning of January. Loans can be borrowed and repaid in any amount. The cash balance on January 1 is expected to be $13,000. Sales were $35,000 in December, and are budgeted to be $11,000 in January and $25,000 in February. All sales are on account and are collected 50% in the month of sale and 50% in the following month Purchases are budgeted to be $27,000 in January and $11,000 in February, Purchases are paid in fuit in the month of purchase Al other expenses are listed below, and are all paid in cash in the month incurrect Salaries $700 per month Commissions 10% of sales per month Rent $500 per month Advertising $200 per month A. Prepare a cash budget for January for Ottawa Publishing. What is the loan the amount for January $3,500 b. $3,000 5900 $2,500 Quesson 12 of 20 Moving to the next question prevents changes to this answer. Question 12 5 points Save Answer Ottawa Publishing has a line of credit with their bank and must keep a $10,000 minimum balance each month. There is no outstanding loan at the beginning of January. Loans can be borrowed and repaid in any amount. The cash balance on January 1 is expected to be $13,000 Sales were $35,000 in December, and are budgeted to be $11,000 in January and $25,000 in February. All sales are on account and are collected 50% in the month of sale and 50% in the following month. Purchases are budgeted to be $27,000 in January and $11,600 in February. Purchases are paid in full in the month of purchase. All other expenses are listed below, and are all paid in cash in the month incurred: Salaries $700 per month Commissions 10% of sales per month Rent $500 per month Advertising $200 per month A. Prepare a cash budget for January for Ottawa Publishing. What is the loan the amount for January? $3,500 a $3,000 5900 $2,500