Question 4 (a) A business has semi-variable overhead costs associated With its manufacturing output. It wants to be able to better plan and control its production, and therefore needs determine which of these costs are xed and which are variable. Required: Using the information below, use the high-low method to calculate the monthly xed cost element of the overhead costs. (The xed costs are the same each month). Overhead costs 1 ,520 42,260 2,800 55,800 1 ,750 44,750 1 ,600 41 ,960 2,350 55,040 1 ,300 41 ,500 2,100 50,100 2,770 55,000 Month Units (4 marks) (b) Guido is a manufacturing company producing several products for a mainly overseas market. The following data relates to a new product called the Halt 9 to be launched on 1 October 2023. Selling price 22 per unit Forecast sales volume 120,000 units Variable costs 17 per unit Fixed costs 400,000 Required: Using the information above, calculate the minimum sales revenue (Es) needed to meet a target prot of 1 00000 (4 marks) SmartSuit is a sole trader business that produces budget suits. Recently it has received a special order. The order requires a particular type of cloth that is not regularly used by the business. The business has 900 metres of this cloth in inventory. This was left over from a previous Job and purchased originally at 4 per metre. This inventory of Cloth could be sold for 2.80 per metre. The special order requires 1,680 metres of this cloth and the current market price is 6 per metre. Required: Calculate the relevant cost of the cloth to be used in completing the special order. (4 marks) B124 June 2023