Question: Please show all work. Help me to learn the process. Please write answer number to matching question number. Required: 1) Estimate the company's total variable
Please show all work. Help me to learn the process. Please write answer number to matching question number.
Required:
1) Estimate the company's total variable cost per unit and its total fixed costs per year.
2) Compute the company's contribution margin for July.

Joe's Tabletops Joe's Tabletops produces fine tabletops. The company's income statements for two month during the last year are given below: Units sold Sales Cost of goods sold Gross margin Selling & administrative expense Net operating income April 5,000 $8,000,000 5,500,000 2,500,000 1,500,000 $1,000,000 July 7,000 $11,200,000 7,100,000 4,100,000 1,900,000 $ 2,200,000 The company has no beginning or ending inventories. Required: 1) Estimate the company's total variable cost per unit and its total fixed costs per year. 2) Compute the company's contribution margin for July
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