could i please get some help with this?

Mastery Problem Cost-Volume-Profit Analysis Cost Behavior Cover to Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavice After reviewing the data, complete recaitements (1) and (2) that follow Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cast Cost 4,000 shelves $44,000 $5,600 $140,000 1,000 shelves 68,000 11,200 140,000 16,000 shelves 176,000 20,400 140,000 20,000 shelves 220,000 25,000 140,000 1. Determine whether the costs in the table are variable, food, mixed, or none of these Lumber Variable Cont Utilities Mixed cost Depreciation Fixed cost 2. For each cont, determine the fixed portion of the cost and the per unit variable cost. If there is no amount or an amount is zero, entero Recall that for N - Number of Units Produced, Total Costs - (Vanable Cost Per Unitx) + Fixed Cost. Complete the following table with your answers, Round variable portion of cost (per unit) answers to two decimal places. Fixed Portion Variable Portion 2. For each cost, determine the fixed portion of the cost, and the per unit variable cost. If there is no amount or an amount is zero, enter"0". Recall that, for N Number of Units Produced, Total Costs - (Variable Cost PertintxN) Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Fixed Portion Variable Portion Cost of Cost of Cost (per unit) Lumber Utilities Depreciation High-Low Birthe Piles Company the chief competitor of Coverto-Cover Company in the bookshelf business. BiblioPoles is analyzing its manufacturing costs, and has compiled the Following data for the first months of the year. After reviewing the data, answer questions (1) through (3) that follow, Units Produced Total Cost nary 4.360 units $65,600 February 275 6,250 Mardi 1,000 15,000 April 8.775 176,250 May 1,750 -32,500 June 3,035 48.000 June 2015 1. From the data previously provided, help Biblio Files Company estimate the fixed and variable portions of its total costs using the high-low method. Recall that Total Costs = (Variable Cost Per Unitx Number of Units Produced) + Fixed cost. Complete the following table. Total Fixed Cost Variable Cost per Unit 2. With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Total Cost 3,500 4,360 8,775 3. Why does the total cost computed for 4,300 units not match the data for January? a. The high-low method is accurate only for months in which production is at till capacity b. The high-low method only gives accurate data when foxed costs are zero c. The high-low method gives a formula for the estimated total cost and may not match levels of production other than the highest and lowest d. The high-low method gives accurate data only for levels of production outside the relevant range Contribution Margin Review the core come statements for over to Cover Company and Beliefies Company on their respective Income Statements Complete the following table from the data provided on the statements. Each company sold 33,800 units during the year Cover to Cover Biblio Files Company Company Contribution margin ratioperom) Uncam Bak-even sales (unes) Break even sales (collar Income Statement - Cover-to-Cover Cover-to-Cover Company Contribution Margin Income Statement For the Year Ended December 31, 2018 Sales $419,000 Variable costs: Manufacturing expense $251,400 Selling expense 20,950 Administrative expense 62,850 (335,200) Contribution margin $83,800 $5,000 Fixed costs: Manufacturing expense Selling expense Administrative expense 4,000 11,950 (20,950) Operating income $62,850 Income Statement - Biblio Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 2018 $419,000 Sales Income Statement - Biblio Files Biblio Files Company Contribution Margin Income Statement For the Year Ended December 31, 2048 $419,000 $167,600 16,760 67,040 Sales Variable costs: Manufacturing expense Selling expense Administrative expense Contribution margin Fixed costs Manufacturing expense Selling expense Administrative expense (251,400) $167,600 566,750 0,000 10,000 (104,750) $62,850 Opernting income Sales Mix Biblio Files Company is making plans for its next fiscal year, and decides to sell two new types of bookshelves, basic and Deluxe. The company has compiled the following estimates for the new product offerings. Type of Sales Price Variable Cost Bookshell per Unit per Unit Basic 55.00 $1.75 Deluxe 9.00 8.10 The company is interested in determining how many of each type of bookshelf would have to be sold in order to break even If we think of the Basic and Deluxe products as components of one overall enterprise product called "Combined," the unit contribution margin for the combined product would be $231. Found costs for the upcoming year we estimated at $341,880, Recall that the totals of all the sales mi percants must be 100%. Determine the amounts to complete the following table Type of Percent of Break Even Break Even Sales Tookshell Sales Mix Sales in Units in Dollars Basic Deluxe Target Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement. Note that both companies have the same sales and net income. Answer questions (1)-(3) that follow, assuming that all data for the coming year is the same as the current year, except for the amount of sales. 1. 1 Cover-to-Cover Company wants to increase its profit by $20,000 in the coming year, what must their amount of sales be? 2.2 biliores Company wants to increase its profit by $20,000 in the coming yeur, what must their amount of sales be? 3. What would explain the difference between your answers for (1) and (2) Biblio Piles Company has a higher contribution margin ratio, and no more of each stes dollar is available to cover fixed costs and provide operating income b. Cover to Cover Company's contribution martin tatio is howet, meaning that it's more efficient in its operations, c. The companies have goals that are not in the relevant range. 4. The answers are not different: each company has the same required sales amount for coming year to achieve the desired target profit