Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a...

 

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Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a seven-week period. Direct Labor Hours Repair Costs $6,000 4,000 4,500 8,000 3,000 6,000 5,000 8,000 6,000 10,000 4,000 2,000 28,500 7,000 5,000 $50,000 Using the high-low method separate the repair costs into the fixed and variable components. Fixed Costs Variable Costs per Direct Labor Hour Blue Pools, Inc. had the following data for operations in the month of September. Units sold Selling price per unit Variable costs per unit Fixed costs 100 $20 $5 $300 $4 Variable selling and administrative costs per unit Fixes selling and administrative costs $110 Using the Contribution format for Blue Pools Inc.'s Income Statement, calculate the following: Contribution Margin Net Income Blue Pools, LLC gathered the folloing data for direct labor hours and repair costs over a seven-week period. Direct Labor Hours Repair Costs $6,000 4,000 4,500 8,000 3,000 6,000 5,000 8,000 6,000 10,000 4,000 2,000 28,500 7,000 5,000 $50,000 Using the high-low method separate the repair costs into the fixed and variable components. Fixed Costs Variable Costs per Direct Labor Hour Blue Pools, Inc. had the following data for operations in the month of September. Units sold Selling price per unit Variable costs per unit Fixed costs 100 $20 $5 $300 $4 Variable selling and administrative costs per unit Fixes selling and administrative costs $110 Using the Contribution format for Blue Pools Inc.'s Income Statement, calculate the following: Contribution Margin Net Income

Answer rating: 100% (QA)

Contribution Margin Selling Price per Unit Variable Costs per Unit Contribution Margin 20 5 Contribu... View the full answer