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4. a.

Stuart Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $12 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $26 per shirt. Required 3. What are the total cost of shirts and cost per shirt if sales amount to 8,000, 8.500. 9.000. 9.500, or 10,000? b. Is the cost of T-shirts a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B What are the total cost of shirts and oost per shirt if sales amount to 8,000, 8,500, 9,000, 9,500, or 10,000? Total cost at shirts _____ Cost per shirt Stuart Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $12 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $26 per shirt. Required a. What are the total cost of shirts and cost per shirt if sales amount to 8,000, 8,500, 9,000, 9,500, or 10,000? b. Is the cost of T-shirts a fixed or a variable cost? Complete this question by entering your answers in the tabs below. Required A Required B Is the cost of T-shirts a fixed or a variable cost? Since the total cost of shirts in Requirement A proportionately to the number of shirts sold, it is aThornton Corporation paid one of its sales representatives $7,000 during the month of March. The rep is paid a base salary plus $13 per unit of product sold. During March. the rep sold 120 units. Required Calculate the total monthly cost of the sales representative's salary for each ofthe following months: -am Totawanawecost ___ The following income statement was drawn from the records of Campbell Company, a merchandising firm: CAMPBE L L COMPANY Income Statement For the Year Ended December 31, Year 1 Sales revenue (4,566 units x $162) $?29,666 Cost of goods sold (4,566 units x $89) (466,566) Gross margin 328,566 Sales commissions (16% of sales) (72,966) Administrative salaries expense (85,666) Advertising expense (46,666) Depreciation expense (41,666) Shipping and handling expenses (4.566 units x $4) (18,666) Net income $71,666 Required at. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. 1:. Use the measure of operating leverage to determine the amount of net income Campbell will earn if sales increase by 20 percent. Complete this question by entering your answers in the tabs below. Req A Req B and C Reconstruct the income statement using the contribution margin format. Less: Variable costs Less: Fixed costs _ Adams Boat Company makes inexpensive aluminum shing boats. Production is seasonal. with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During year 2, the high point in activity occurred in June when it produced 205 boats at a total cost of $156,200. The low point in production occurred in January when it produced 37 boats at a total cost of $47,000. Required a. Use the high-10w method to estimate the amount of fixed cost incurred each month by Adams Boat Company. b. Determine the total estimated cost if 110 boats are made. armed cost b. Total estimated cost