Cecil Company Presently Has Three Product Lines: Papers, Stamps, And Computer Ribbons. The Company
Cecil Company presently has three product lines: papers, stamps, and computer ribbons. The company is profitable overall but is considering discontinuing the stamp line because of losses from that line. Current data on the stamp line is as follows: Sales revenue $27,000 Variable costs 19,000 Direct Avoidable Fixed Costs 5,000 Indirect allocated fixed costs 6,000 Net Income (Loss) on Stamp Line ($3,000) Given this information, if Cecil discontinues the stamp line, overall net income for the company would increase by $3,000. decrease by $3,000. decrease by $6,000. decrease by $8,000. none of the above.
An Analyst Makes The Following Statements. Statement 1: A Loss Making Company Can Have
An analyst makes the following statements. Statement 1: A loss making company can have a positive cash flow from operations. Statement 2: If a company has sufficient reserves, its asset quality is considered superior. Statement 3: Receivables turnover ratio and average collection period are inversely related to each other. Do you agree with each of the above statements? Why or why not? Explain in detail by giving examples.
A 1 Super Auto Parts Is An Auto-ancillary Company That Was Started By A
A 1 Super Auto Parts is an auto-ancillary company that was started by a group of entrepreneurs on 1st April 2016. Within three years, the company has been able to develop a decent client base. Its competitor company is exploring the possibility of acquiring Super Auto. Before taking any decision, the competitor company has asked its investment banker to analyze Super Auto and present its findings. You as an investment banker are required to make the report as required below by studying the following financial data. You are expected to show detailed calculations for your work. Profit
Problem 22-2 (Part Level Submission) Sheridan Company Is In The Process Of Preparing
Problem 22-2 (Part Level Submission) Sheridan Company is in the process of preparing its financial statements for 2017. Assume that no entries for depreciation have been recorded in 2017. The following information related to depreciation of fixed assets is provided to you. 1. Sheridan purchased equipment on January 2, 2014, for $80,500. At that time, the equipment had an estimated useful life of 10 years with a $4,500 salvage value. The equipment is depreciated on a straight-line basis. On January 2, 2017, as a result of additional information, the company determined that the equipment has a remaining useful life of 4 years with a $3,000 salvage value. 2. During 2017, Sheridan changed from the double-declining-balance method for its building to the straight-line method. The building originally cost $300,000. It had a useful life of 10 years and a salvage value of $30,000. The following computations present depreciation on both bases for 2015 and 2016. 2016 2015 Straight-line $27,000 $27,000 Declining-balance 48,000 60,000 3. Sheridan purchased a machine on July 1, 2015, at a cost of $130,000. The machine has a salvage value of $14,000 and a useful life of 8 years. Sheridan’s bookkeeper recorded straight-line depreciation in 2015 and 2016 but failed to consider the salvage value. (a) Prepare the journal entries to record depreciation expense for 2017 and correct any errors made to date related to the information provided. (Ignore taxes.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. (To record current year depreciation.) (To correct prior year depreciation.)
Whitney Received $70,500 Of Taxable Income In 2018. All Of The Income Was Salary
Whitney received $70,500 of taxable income in 2018. All of the income was salary from her employer. What is her income tax liability in each of the following alternative situations? Use Tax Rate Schedule for reference. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a. She files under the single filing status. Income tax liability b. She files a joint tax return with her spouse. Together their taxable income is $70,500. Income tax liability c. She is married but files a separate tax return. Her taxable income is $70,500. Income tax liability d. She files as a head of household. Income tax liability 2018 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 $952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14,089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32,089.50 plus 32% of the excess over $157,500 $200,000 $500,000 $45,689.50 plus 35% of the excess over $200,000 $500,000 — $150,689.50 plus 37% of the excess over $500,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,050 10% of taxable income $ 19,050 $ 77,400 $1,905 plus 12% of the excess over $19,050 $ 77,400 $165,000 $8,907 plus 22% of the excess over $77,400 $165,000 $315,000 $28,179 plus 24% of the excess over $165,000 $315,000 $400,000 $64,179 plus 32% of the excess over $315,000 $400,000 $600,000 $91,379 plus 35% of the excess over $400,000 $600,000 — $161,379 plus 37% of the excess over $600,000 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,600 10% of taxable income $ 13,600 $ 51,800 $1,360 plus 12% of the excess over $13,600 $ 51,800 $ 82,500 $5,944 plus 22% of the excess over $51,800 $ 82,500 $157,500 $12,698 plus 24% of the excess over $82,500 $157,500 $200,000 $30,698 plus 32% of the excess over $157,500 $200,000 $500,000 $44,298 plus 35% of the excess over $200,000 $500,000 — $149,298 plus 37% of the excess over $500,000 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 $952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14,089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32,089.50 plus 32% of the excess over $157,500 $200,000 $300,000 $45,689.50 plus 35% of the excess over $200,000 $300,000 — $80,689.50 plus 37% of the excess over $300,000
[The Following Information Applies To The Questions Displayed Below.] In 2018, Sheryl Is Claimed
[The following information applies to the questions displayed below.] In 2018, Sheryl is claimed as a dependent on her parents’ tax return. Sheryl did not provide more than half her own support. What is Sheryl’s tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference. (Leave no answer blank. Enter zero if applicable.) a. She received $5,400 from a part-time job. This was her only source of income. She is 16 years old at year-end. Tax liability b. She received $5,400 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 16 years old at year-end. Tax liability c. She received $5,400 of interest income from corporate bonds she received several years ago. This is her only source of income. She is 20 years old at year-end and is a full-time student. Tax liability d. She received $5,400 of qualified dividend income. This is her only source of income. She is 16 years old at year-end. Tax liability 2018 Tax Rate Schedules Individuals Schedule X-Single If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 $952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14,089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32,089.50 plus 32% of the excess over $157,500 $200,000 $500,000 $45,689.50 plus 35% of the excess over $200,000 $500,000 — $150,689.50 plus 37% of the excess over $500,000 Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) If taxable income is over: But not over: The tax is: $ 0 $ 19,050 10% of taxable income $ 19,050 $ 77,400 $1,905 plus 12% of the excess over $19,050 $ 77,400 $165,000 $8,907 plus 22% of the excess over $77,400 $165,000 $315,000 $28,179 plus 24% of the excess over $165,000 $315,000 $400,000 $64,179 plus 32% of the excess over $315,000 $400,000 $600,000 $91,379 plus 35% of the excess over $400,000 $600,000 — $161,379 plus 37% of the excess over $600,000 Schedule Z-Head of Household If taxable income is over: But not over: The tax is: $ 0 $ 13,600 10% of taxable income $ 13,600 $ 51,800 $1,360 plus 12% of the excess over $13,600 $ 51,800 $ 82,500 $5,944 plus 22% of the excess over $51,800 $ 82,500 $157,500 $12,698 plus 24% of the excess over $82,500 $157,500 $200,000 $30,698 plus 32% of the excess over $157,500 $200,000 $500,000 $44,298 plus 35% of the excess over $200,000 $500,000 — $149,298 plus 37% of the excess over $500,000 Schedule Y-2-Married Filing Separately If taxable income is over: But not over: The tax is: $ 0 $ 9,525 10% of taxable income $ 9,525 $ 38,700 $952.50 plus 12% of the excess over $9,525 $ 38,700 $ 82,500 $4,453.50 plus 22% of the excess over $38,700 $ 82,500 $157,500 $14,089.50 plus 24% of the excess over $82,500 $157,500 $200,000 $32,089.50 plus 32% of the excess over $157,500 $200,000 $300,000 $45,689.50 plus 35% of the excess over $200,000 $300,000 — $80,689.50 plus 37% of the excess over $300,000 Tax Rates for Net Capital Gains and Qualified Dividends Rate* Taxable Income Married Filing Jointly Married Filing Separately Single Head of Household Trusts and Estates 0% $0 – $77,200 $0 – $38,600 $0 – $38,600 $0 – $51,700 $0 – $2,600 15% $77,201 – $479,000 $38,601 – $239,500 $38,601 – $425,800 $51,701 – $452,400 $2,601 – $12,700 20% $479,000 $239,500 $425,801 $452,401 $12,701 *This rate applies to the net capital gains and qualified dividends that fall within the range of taxable income specified in the table (net capital gains and qualified dividends are included in taxable income last for this purpose). Estates and Trusts If taxable income is over: But not over: The tax is: $ 0 $ 2,550 10% of taxable income $ 2,550 $ 9,150 $255 plus 24% of the excess over $2,550 $ 9,150 $12,500 $1,839 plus 35% of the excess over $9,150 $12,500 $3,011.50 plus 37% of the excess over $12,500
Timothy Company Employs Standard Costing. The Standards And Actual Operating Data For The Month
Timothy Company employs standard costing. The standards and actual operating data for the month are as follows: Standards Direct materials 3.0 pounds per unit @ $4.50 per pound Direct labor 5.0 hours per unit @ $10.25 per hour Standard quantity allowed 10,500 pounds Standard hours allowed 17,500 hours Actual Direct materials purchased 11,000 pounds @ $4.25 per pound Direct materials used 10,700 pounds Direct labor 17,300 hours @ $10.20 per hour The overall direct materials variance is: A. none of these B. $1,775 F C. $1,775 UF D. $500 UF E. $500 F The materials quantity variance is: A. none of these B. $900 F C. $2,250 F D. $900 UF E. $2,250 UF The direct materials price variance is: A. $2,675 F B. $2,750 F C. $2,750 UF D. $2,675 UF E. none of these The labor efficiency variance is: A. $2,050 F B. $2050 UF C. $2,040 F D. $2,040 UF E. none of these The overall direct labor variance is: A. $2,915 F B. $2,915 UF C. none of these D. $1,175 UF E. $1,175 F The labor rate variance is: A. $875 F B. $875 UF C. $865 UF D. $865 F E. none of these
Dew Company Employs Standard Costing And Applies Overhead Based Upon Machine Labor Hours. Monthly
Dew Company employs standard costing and applies overhead based upon machine labor hours. Monthly production is scheduled at 500 units. Standard and actual data for the month is as follows: Standards Variable overhead 4 hours @ $10 per hour Fixed overhead 4 hours @ $12 per hour Actual Units produced 550 units Machine hours 2,375 hours The standard hours allowed for the month are? A. 4,400 B. none of these C. 2,375 D. 2,000 E. 2,200 The budgeted hours for the month are? A. 2,375 B. 4,400 C. 2,200 D. none of these E. 2,000 edit: I added question marks to the questions. They are right over the multiple choice options. Thanks!
Reed Company Employs Standard Costing And Applies Overhead On The Basis Of Direct Labor
Reed Company employs standard costing and applies overhead on the basis of direct labor hours. The standards and actual operating data for the month are as follows: Standards Direct labor hours per unit 2.5 hours Variable overhead per direct labor hour $1.75 Fixed overhead per direct labor hour $3.10 Budgeted variable overhead $21,875 Budgeted fixed overhead $38,750 Standard hours allowed 11,250 hours Budgeted hours 12,500 hours Actual Direct labor hours 10,000 hours Variable overhead $26,250 Fixed overhead $38,000 The volume variance is: A. $4,750 F B. none of these C. $3,875 F D. $3,875 UF E. $4,750 UF The controllable variance is: A. $6,562.50 UF B. $8,750 UF C. $6,562.50 F D. none of these E. $8,750 F The overall overhead variance is: A. none of these B. $15,750 F C. $15,750 UF D. $9,687.50 F E. $9,687.50 UF
Stevenson Has Operating Income Of $99,000, Sales Of $660,000, And $550,000 In Invested Assets.
Stevenson has operating income of $99,000, sales of $660,000, and $550,000 in invested assets. The company has established a minimum rate of return of 15%. What is Stevenson’s profit margin? A. 7.5% B. none of these C. 18% D. 20% E. 15% What is Stevenson’s investment turnover? A. 1.2 B. 1.0 C. 1.3 D. 1.1 E. none of these
Farm Organic Ltd (FOL) Provides Organically Certified Drenches To Organic Farmers. These Drenches Treat
Farm Organic Ltd (FOL) provides organically certified drenches to organic farmers. These drenches treat intestinal and external parasites in sheep and cattle. The business is the brainchild of David Scott. David developed the products for the organic farming market. He has been producing the chemicals on a small scale to meet the organic farm demand. The demand has grown with many non-organic farmers now seeking his products. David borrowed money from a bank and has now set up operations in a bigger factory. He has purchased new automated equipment designed to streamline the operations. The factory has a small laboratory where David is working to develop organically certifiable sprays for the fruit and vegetable market. David has now hired you as his accountant. He needs monthly reports enabling him to manage cash flow and to track the profitability of the expanded business. Question 1: Value Chains (20 marks) You have used value chain analysis to help other businesses. Prepare a report for David that explains how value chain analysis will help him to make decisions about his growing business. Information on report writing is in the Resources section of this subject site. (500 words) Question 2 Cost of Manufacturing Statement (20 Marks) David has asked for a Cost of Goods Manufacturing Statement and Income Statement for the month of July. Use the following information taken from the books that David has been keeping to prepare the statement. $ $ Advertising expense 5,000 Interest expense 5,000 Sales travel expense 1,530 Machinery maintenance 250 Depreciation – factory machinery 1,600 Office Salaries 5,000 Depreciation – office machinery 600 Rates – factory 1,400 Direct Labour 6,000 Raw materials inventory 1/7/19 4,800 Factory power 150 Raw materials inventory 31/7/19 5,200 Factory rent 9,195 Raw materials purchases 53,200 Factory supplies 4,800 Sales revenue 158,500 Finished goods 1/7/19 11,200 Sales salaries 4,780 Finished goods 31/7/19 10,500 Telephone 500 Freight inwards materials 730 Work in process 1/7/19 2,250 Indirect labour 2,000 Work in process 31/7/19 2,500 Required: Prepare a cost of goods manufactured statement for the month ended 31 July 2019. This must be prepared in Excel and cut and pasted into your Word document. Include the data above in your data section of the spreadsheet. What was the company’s cost of sales for the month ended 31 July 2019? What was the company’s gross profit for the month ended 31 July 2019? Write a short (300 words) explanation for David about the limitations of a cost of goods manufactured statement for decision making. Question 3 Cost Allocation (20 Marks) FOL has 2 production departments, Sheep Drench and Cattle Drench, and 3 support departments, Administration, Materials Handing and Research. You have estimated that the Research department costs $350,000 pa to run and that 30% of the total cost of running this department is related to refining the Sheep (15%) and Cattle (15%) drenches. The remaining 70% is spent on developing new products. The Materials handling costs are allocated on the basis of the number of material movements. the Administration department costs are allocated on the basis of the number of employees. Allocate the support department costs in the following order; Administration, Materials Handling and Research. Direct costs Materials Handling Research Administration Sheep Drench Cattle Drench Materials
The Cost Of Idle Capacity Is Indicated By The: A. Spending Variance B. Volume
The cost of idle capacity is indicated by the: A. spending variance B. volume variance C. controllable variance D. efficiency variance
David Has Asked For A Cost Of Goods Manufacturing Statement And Income Statement For
David has asked for a Cost of Goods Manufacturing Statement and Income Statement for the month of July. Use the following information taken from the books that David has been keeping to prepare the statement. $ $ Advertising expense 5,000 Interest expense 5,000 Sales travel expense 1,530 Machinery maintenance 250 Depreciation – factory machinery 1,600 Office Salaries 5,000 Depreciation – office machinery 600 Rates – factory 1,400 Direct Labour 6,000 Raw materials inventory 1/7/19 4,800 Factory power 150 Raw materials inventory 31/7/19 5,200 Factory rent 9,195 Raw materials purchases 53,200 Factory supplies 4,800 Sales revenue 158,500 Finished goods 1/7/19 11,200 Sales salaries 4,780 Finished goods 31/7/19 10,500 Telephone 500 Freight inwards materials 730 Work in process 1/7/19 2,250 Indirect labour 2,000 Work in process 31/7/19 2,500 Required: Prepare a cost of goods manufactured statement for the month ended 31 July 2019. This must be prepared in Excel and cut and pasted into your Word document. Include the data above in your data section of the spreadsheet. What was the company’s cost of sales for the month ended 31 July 2019? What was the company’s gross profit for the month ended 31 July 2019? Write a short (300 words) explanation for David about the limitations of a cost of goods manufactured statement for decision making.
Standard Costing Offers Benefits In Several Areas. In Which Of The Following Areas Might
Standard costing offers benefits in several areas. In which of the following areas might standard costing prove to be an advantage or a disadvantage? A. management by exception B. bookkeeping C. responsibility accounting D. budgeting
The Approach Of Evaluating Managerial Performance Using Multiple Criteria Employing Both Quantitative And Qualitative
The approach of evaluating managerial performance using multiple criteria employing both quantitative and qualitative measures is called: A. responsibility accounting B. management by exception C. balanced scorecard D. variance analysis
If Employees Are Given Bonuses For Satisfying Normal Standards, The Standards May Be Very
If employees are given bonuses for satisfying normal standards, the standards may be very effective in motivating employees. A. True B. False
Materials Used By Bristol Company In Manufacturing Division C’s Product Are Currently Purchased From
Materials used by Bristol Company in manufacturing Division C’s product are currently purchased from outside suppliers at a cost of $10 per unit. However, the same materials are available from Division A of the Bristol Company. Division A has unused capacity and can produce the materials need by Division C at a variable cost of $8.50 per unit. A transfer price of $9.50 per unit is negotiated and 30,000 units of material are transferred with no reduction in Division A’s current outside sales. How much will Bristol Company’s total operating income increase? A. $120,000 B. $150,000 C. none of these D. $45,000 E. $60,000
A Private Not-for-profit Organization Has The Following Cash Inflow And Outflows For The Fiscal
A private not-for-profit organization has the following cash inflow and outflows for the fiscal year. Receipts: Unrestricted contributions 195,000 Contributions restricted by donor for in-home aid 80,000 Contributions restricted by donor for endowment 100,000 Contributions restricted by donor for computer purchases 45,000 Interest income 20,000 Proceeds of short-term bank loan 10,000 Proceeds of 5–year bank loan 30,000 Payments: Operating expenses 280,000 Purchase of investments with endowment contributions 100,000 Purchase of investments with unrestricted contributions 75,000 Purchase of computers using restricted contributions 40,000 Repayment of principal of bank loan 35,000 What is the amount of net cash flow from operating activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000. What is the amount of net cash flow from investing activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000. What is the amount of net cash flow from financing activities? For example, enter net cash provided of $600,000 as 600000. Enter net cash used of $600,000 as -600000.
The Next 2 Questions Use The Following Information: Detmer Enterprises Has Budgeted Sales In
The next 2 questions use the following information: Detmer Enterprises has budgeted sales in units for the next four months as follows: February 6,800 units March 5,400 units April 7,200 units May 4,600 units Past experience has shown that the ending finished goods inventory for each month must be equal to 10% of the next month’s budgeted sales in units. The company is in the process of preparing a production budget for the coming period. 4. The total number of units to be produced in March is 5,400 units. 5,440 units 5,580 units. 6,120 units. none of the above. 5. Detmer’s product sells for $20 each. Experience has shown that 10 percent of the company’s sales are cash sales. The remaining credit sales are collected 40 percent in the month of sale, and 55 percent in the month following the sale. The remaining 5 percent of credit sales are uncollectible. What is the budgeted total cash collections for April? $119,700 $ 66,240 $131,400 $117,000 $ 72,000
Exercise 17-22 (Static) Prorating Direct Material Cost Variances (LO 17-1) In Reviewing Activity For
Exercise 17-22 (Static) Prorating Direct Material Cost Variances (LO 17-1) In reviewing activity for July, the controller of Mathis, Inc., collected the following data concerning direct materials. Actual production 103,000 units Direct materials purchased (actual) $ 1,642,800 Standard cost of materials purchased 1,554,000 Standard direct materials costs per unit produced 14 Standard price times actual amount of materials used 1,405,950 Assume that Mathis Company had no beginning finished goods inventory and only produced one product. Mathis sold 90,640 units during the period. Required: a. Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis would make to record and close out the variances. b. Assume Mathis prorates all variances to the appropriate accounts. Prepare the entries Mathis would make to record and close out the variances. Assume that Mathis Company had no beginning finished goods inventory and only produced one product. Mathis sold 90,640 units during the period. Required: a. Assume Mathis writes off all variances to Cost of Goods Sold. Prepare the entries Mathis would make to record and close out the variances. Record the standard cost of materials used and the materials efficiency variance. Note: My Journal entries are incorrect. Also there is no option for direct labor in connect for the journal entries. Event General Journal Debit Credit 1 Cost of goods sold Direct materials price variance Direct materials efficiency variance Record the cost of the direct materials purchased and the materials price variance. Note: Enter debits before credits. Event General Journal Debit Credit 2 Direct materials price variance Direct materials efficiency variance Cost of goods sold Record the closure of direct labor cost variances to Cost of Goods Sold. Note: Enter debits before credits. Event General Journal Debit Credit 3 Work-in-process inventory Cost of goods sold b. Assume Mathis prorates all variances to the appropriate accounts. Prepare the entries Mathis would make to record and close out the variances. Record the standard cost of materials used and the materials efficiency variance. Note: Enter debits before credits. Event General Journal Debit Credit 1 Wages payable Direct materials price variance Cost of goods sold Record the cost of the direct materials purchased and the materials price variance. Note: Enter debits before credits. Event General Journal Debit Credit 2 Cost of goods sold Work-in-process inventory Finished goods inventory Direct materials inventory Record the closure of direct labor cost variances to Cost of Goods Sold and Finished Goods Inventory. Note: Enter debits before credits. Event General Journal Debit Credit 3 Cost of goods sold Work-in-process inventory Finished goods inventory Direct materials efficiency variance
Barrus Is A Profitable Company That Makes 30,000 Motors Annually That Are Used In
Barrus is a profitable company that makes 30,000 motors annually that are used in the production of their power lawn mowers. The cost per motor at this level of activity is as follows: Direct materials $9.50 Direct labor $8.60 Variable manufacturing overhead $3.75 This motor has recently become available from an outside supplier for $25 per motor. If Barrus decides not to make the motors, the motor production facilities can be leased out for $100,000 per year and 50% of the $120,000 of the fixed manufacturing overhead costs will be avoidable. All variable manufacturing overhead is avoidable in the event Barrus terminates motor production. How much higher or lower will net income be if Barrus decides to continue making the motor rather than purchasing the motor from the outside supplier assuming a volume of production and sales of 30,000 units? $ 5,500 lower $ 74,500 higher $ 65,500 lower $125,500 lower None of the above Hildes Dairy is considering adding a new product line to their already profitable business. Market research indicates that sales revenue for the new line would be $30,000 for 25,000 units. Variable costs for the new product would be $0.85 per unit; additional direct (avoidable) fixed costs would total $5,000; and indirect fixed costs allocated from unavoidable costs currently in place would total$6,250. If Hildes added the new line, its net income would increase by $3,750. increase by $8,750. decrease by $2,500. decrease by $3,250. none of the above.
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