UNIT 3 Complete
This assignment must be completed in APA FORMAT This MUST be submitted to me by Thursday August 27,2020 at 1:30pm (CENTRAL TIME). THIS MUST BE SUBMITTED ON TIME! NO EXCEPTIONS!
You must show your work if the question requires a numerical answer as well as provide an explanation of your process and an analysis of the results and what the numbers mean. At least three scholarly sources need to be utilized across the entire Complete assignment.
Richardson Corporation plans to increase its advertising budget by 20% next year. The company currently spends $15,000 on advertising costs. In addition to advertising, Richardson spends $50,000 per year for other fixed costs and $10 per unit for variable costs. If Richardson anticipates producing 30,000 units next year, what will be next year’s total costs?
1. Calculate total estimated costs for next year.
Preferred Products has the following cost information available for 2012:
Direct materials $4.00 per unit
Direct labor $3.00 per unit
Variable manufacturing overhead $2.00 per unit
Variable selling and administrative costs $1.00 per unit
Fixed manufacturing overhead $25,000
Fixed selling and administrative costs $10,000
During 2012, Preferred produced 5,000 units out of which 4,600 units were sold for $30 each.
2. A. Calculate Preferred’s net operating income assuming the company uses variable costing.
3. B. Calculate Preferred’s net operating income assuming the company uses absorption costing.
4. Within 250 words respond to this topic and include at least 2 scholarly sources:
Discuss the meaning of dependent and independent variables in regression analysis.