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Use the Following Information to Answer the Questions Below. Our Business is Planning the Budgets and Costs for the Upcoming Year. using the Following information from a Previous Quarter to prepare the Future Budget. Use the Hi-Low method to Answer the Questions Below. Show Per Unit Amounts to Nearest Penny.

JANUARY INFO;

Units Produced = 9,000 Units, Direct Material costs=$297,000

Direct Labor Costs=$300,000, Selling Related Costs=$60,000

Building Rent & Costs =$55,000 per month

FEBRUARY INFO;

Units Produced = 1,000 Units, Direct Material costs=$33,000

Direct Labor Costs=$100,000, Selling Related Costs=$20,000

Building Rent & Costs =$55,000 per month

MARCH INFO;

Units Produced = 3,000 Units, Direct Material costs=$99,000

Direct Labor Costs=$100,000, Selling Related Costs=$40,000

Building Rent & Costs =$55,000 per month

QUESTIONS Compute and Show the Estimated Cost Formula for Each of the Following. Show your Answer as a Formula as Follows with NO SPACES. Example= 200+20u, with 200 being the FC and 20 being the VC per Unit.

1. Direct Materials =

2. Direct Labor Cost Formula =

3. Selling Related Costs Formula =

4. Building Rent and Costs Formula =

5. Total of ALL Costs Combined =

6. Compute the Estimated Total Cost to Produce 5,000 Bikes in a Month =

7. Compute the Estimated Net Income to Produce and Sell 8,000 Bikes using a Sales Price of $99.00 per Bike =

8.Compute the Sales Price per UNIT Required to make $30,000 in Net Income for a Month where we produce and Sell 2,000 Bikes =

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