Question: Can I please get help. Thank you. 1. Presented below are the production data for the mixed costs incurred by Clarion Company. Month Cost Units

Can I please get help. Thank you.

1. Presented below are the production data for the mixed costs incurred by Clarion Company.

Month Cost Units

March $4,700 3,700

April 7,200 5,050

May 5,565 4,725

June 9,500 8,500

July 7,915 6,745

August 8,300 7,500

Clarion Company uses the high-low method to estimate mixed costs.

Refer to Exhibit 5-1. What is the estimated total mixed cost at an operating level of 7,000 units?

a- $10,700

b- $7,700

c- $16,500

d- None of the answer choices is correct.

e- $8,000

2. Regression analysis for Barton Industries results in the following output. Coefficients

Y Intercept 880

X Variable 1,016.75

Refer to Exhibit 5-6. Assume Barton Industries will produce 500 units next month. What are the total estimated production costs for the month? a- $880.00

b- None of the answer choices is correct.

c- $441,016.75

d- $508,375.00

e- $509,255.00

3. Cost estimates made using activity levels outside the relevant range: a- May result in poor decisions.

b- None of the answer choices is correct.

c- Mean that cost behavior patterns are accurate at all levels of activity.

d- Mean the cost estimates will be relevant.

e- Are more accurate.

4. Manchester Company is a small company that has hired you to help them estimate costs. They present you with the following information from the companys most recent fiscal year.

Sales (2,000 units) $1,000,000 Cost of goods sold (24% of sales) 240,000 Store supervisor's annual salary 65,000 Annual operating costs 70,000 Annual advertising and promotion 10,000 Sales commissions (5% of sales) 50,000

Refer to Exhibit 5-2. What was the variable cost per unit for the companys most recent fiscal year? a- $150 per unit

b- $180 per unit

c- $120 per unit

d- $145 per unit

e- None of the answer choices is correct.

5. Manchester Company is a small company that has hired you to help them estimate costs. They present you with the following information from the companys most recent fiscal year.

Sales (2,000 units) $1,000,000 Cost of goods sold (24% of sales) 240,000 Store supervisor's annual salary 65,000 Annual operating costs 70,000 Annual advertising and promotion 10,000 Sales commissions (5% of sales) 50,000

Refer to Exhibit 5-2. What were the total fixed costs for the companys most recent fiscal year? a- $195,000

b- $145,000

c- $70,000

d- None of the answer choices is correct.

e- $135,000

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