Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. riley corporation's income statements for the last

Riley Corporation's income statements for the last three years...

70.2K

Verified Solution

Question

Accounting

image

Riley Corporation's income statements for the last three years are presented below. Riley manufactured 9.800.7.500 and 10.500 school des 2018, 2019, and 2020 respectively and had no beginning or ending inventories. 2018 2019 2020 Sales Cost of goods sold (mixed) Gross profit Administrative expenses Net Profit $ 5,150,000 333,7.50 4,816,250 2278695 $ 2,537,555 $ 3,750,000 258,000 3,492,000 2278695 $ 1,213,305 $5,250,000 332,850 4,917,150 2278695 $ 2,638,455 Riley would like to be able to estimate its manufacturing costs using the high-low method for 2021. Fill in the blanks below based on the information above: A. The estimated company's total variable cost per unit per year using the high-low method is $ rounded to th rounded to the nearest - B. The estimated company's total fixed costs per year using the high-low method is $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

A professional cyclist has been training for months at HIGH ELEVATION in preparation for a race...

Biology
1.2K views

1)Red-green color blindness is a sex-linked recessive trait in humans. Two people with normal color vision...

Psychology
1.2K views

important rules and regulation of gymnasium usage (180-200) words

Biology
1.2K views

What was the shape of DNA that scientists James Watson and Francis Crick proposed O...

Basic Math
1.2K views

Acme Life Insurance charges $650 for a $1,000,000 life Insurance policy. Historical research shows that...

Basic Math
1.2K views

One serving of a certain brand of yogurt contains 11 g of fat. The low-fat...

Calculus
1.2K views

Show that 2t e H t e H t e t e t H t

Algebra
1.2K views

Question 10 of 14 Step 1 of 1 Find the linear function with the following...

Accounting
1.2K views

Please type the answer out, as handwritten answers are very often illegible. Capital Budgeting...

Accounting
1.2K views

What is the common ratio bet 27,9,3,1,(1)/(3),(1)/(9),(1)/(27)

Accounting
1.2K views

100. X Company currently makes 2,300 units of a unique part for one of its...

Accounting
1.2K views

Consider the following balance sheet of a financial institution (FI): 1 Assume now that 100...