odule 2 - Cost Behavior Patterns Reading and Explanation Textbook Chapter 2 k Chapter 2 - 33. Account Analysis and Contribution Margin Income Statement. Madden Company would like to estimate costs associated with its production of football helmets on a monthly basis. The accounting records indicate the following production costs were incurred last month for 4,000 helmets. Assembly workers' labor (hourly) $70,000 Factory rent 3,000 Plant manager's salary 5,000 Supplies 20,000 Factory insurance 12,000 Materials required for production 20,000 Maintenance of production equipment (based on usage) 18,000 Required: 1. Use account analysis to estimate total fixed costs per month and the variable cost per unit. Stat ur results in the cost equation form Y = f + vX by filling in the dol. amounts for f and v. per 1 What is Managerial Accounting? Next: Chapter 3 How Is Cost-Volume-Profit Analysis Used for Decision Making? vuu upplies 20,000 actory insurance 12,000 Eaterials required for production 20,000 Caintenance of production equipment (based on usage) 18,000 quired: w 1. Use account analysis to estimate total fixed costs per month and the variable cost per unit. State your results in the cost equation form Y = f + vX by filling in the dollar amounts for f and v. 2. Estimate total production costs assuming 5,000 helmets will be produced and sold. 3. Prepare a contribution margin income statement assuming 5,000 helmets will be produced, and each helmet will be sold for $70. Fixed selling and administrative costs total $10,000. Variable selling and administrative costs are $8 per unit. High-Low, Scattergraph, and Regre on Analysis; Manufacturing Company. odworks, Inc., produces cabinet doo Manufacturing overhead costs tend to gerial Accounting? Next: Chapter 3 How Is Cost-Volume-Profit Analysis Used for Decision Maki