High-Low Method Liberty Inc. has decided to use the high-low method to estimate costs. The data for various levels of production are as follows:
Units Produced Total Costs
100,000 $1,800,000
180,000 2,800,000
300,000 4,300,000
a. Determine the variable cost per unit and the fixed cost. Round variable cost per unit to the nearest cent.
Variable cost per unit $
Fixed cost $
b. Based on part (a), estimate the total cost for 260,000 units of production.
$

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)