BUA 202 Arkadia Corporation's contribution format income statement

Anonymous
timer Asked: Mar 6th, 2019
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Question Description

Hello, below is a description of the midterm exam. It NEEDS to be completed IN AN EXCELLENT MANNER, SO TRY YOUR BEST! (90% or above). Attached are images that will help you navigate the site. The online textbook for this class can also be sent to you.

The midterm exam will consist of four managerial (the accounting cycle chapters are excluded) chapters. Excel problems and an online multiply choice exam of 50 questions will comprise the exam. The excel file for the problem portion will be released early on March 5, 2019 with a due date on or before March 8, 2019 by 11:59 p.m. RENAME THE FILE LIKE THIS: SHINDEOMIDTERM. IF YOU DO NOT DO THIS EXACTLY AS WELL, I WILL ASK FOR A REFUND. You will have two hours to finish the multiple choice part which must be taken starting on March 14, 2019 and finished by 11:59 pm that day. Once you start the multiple choice part you must finish in one session. There will be no other opportunity to take the multiple choice part. Please remember that this is an exam which means you must complete the work on your own. No help from any one and do not work with any other student(s). You may use your textbooks and other study materials posted on this Blackboard site. The link to the multiply choice exam and the Excel problems will be available here at the appropriate time.

BUA 202 Arkadia Corporation's contribution format income statement
screen_shot_2019_03_05_at_5.55.48_pm.png
BUA 202 Arkadia Corporation's contribution format income statement
screen_shot_2019_03_05_at_5.56.15_pm.png
BUA 202 Arkadia Corporation's contribution format income statement
screen_shot_2019_03_05_at_5.56.47_pm.png
BUA 202 Arkadia Corporation's contribution format income statement
screen_shot_2019_03_05_at_5.56.58_pm.png

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Tutor Answer

FrankRose23
School: UC Berkeley

Here is the excel solution. You can go through it and tell me if you have any questions

Problem 1:
The Pate Company reported the following:
Month 1
Month 2
6,000
8,000
$35,000 $36,000
$16,000 $16,000
$1,500
$2,000
$12,000 $16,000
$6,000
$8,000
$2,000
$2,000
$4,200
$8,400
$37,300 $44,600
$13,000 $13,500
$10,000 $12,200

Units sold
Cost A
Cost B
Cost C
Cost D
Cost E
Cost F
Cost G
Cost H
Cost I
Cost J
Required:

Indicate whether each of the costs above is
probably a variable, mixed or fixed cost.
Cost A:
Cost B :
Cost C
Cost D
Cost E
Cost F
Cost G
Cost H
Cost I
Cost J

Mixed
Fixed
Variable
Variable
Variable
Fixed
Mixed
Mixed
Mixed
Mixed

Problem 2:
ABC Company's total overhead costs at various levels of activity are presented below:

March
April
May
June

Machine
Hours
60,000
50,000
70,000
80,000

Total
Overhead
Costs
$216,800
$194,000
$239,600
$262,400

Assume that the overhead costs above consist of utilities, supervisory salaries,
and maintenance. At the 50,000 machine-hour level of activity these costs are:
Utilities (V)
Supervisory salaries (F)
Maintenance (M)
Total overhead cost

$54,000
62,000
78,000
$194,000

V= Variable, F= Fixed, M= Mixed.
The company wants to break down the maintenance cost into its basic variable and
fixed cost elements.
Required:
A. Estimate the maintenance cost for June.
B. Use the high-low method to estimate the cost formula for maintenance cost.
C. Estimate the total overhead cost at an activity level of 55,000 ...

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Anonymous
Goes above and beyond expectations !

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