Tiny Tables Company manufactures kids' tables. The estimated number of table sales for each of...
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Accounting
Tiny Tables Company manufactures kids' tables. The estimated number of table sales for each of the last three months of Year 1 is as follows:
| Month | Unit Sales |
| October | 10,000 |
| November | 14,000 |
| December | 7,500 |
Finished goods inventory at the end of November was 2,000 units. Desired ending finished goods inventory is equal to 25 percent of the next month's sales. Tiny Tables expects to sell the tables for $100 each. January sales for Year 2 are projected at 9,000 tables. How many chairs should Tiny Tables produce in December?
| $123,200 | ||
| $118,400 | ||
| $134,600 | ||
| $152,200 |
| 7,750 | ||||||||||||||||||||
| 7,500 | ||||||||||||||||||||
| 7,000 | ||||||||||||||||||||
| 7,250 Delivery Dudes Services has the collected the following information about operating expenditures for its delivery trucks for the past five years:
Using the high-low method, what is the estimated fixed cost for 2018 at an activity level of 50,000 miles? $123,200 $118,400 $134,600 $152,200 |
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