Exercise 13-3A (Algo) Distinction between avoidable costs and cost behavior LO 13-1 Rooney Company makes...

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Exercise 13-3A (Algo) Distinction between avoidable costs and cost behavior LO 13-1 Rooney Company makes fine jewelry that it sells to department stores throughout the United States. Rooney is trying to decide whic of the fwo bracelets to manufacture. Cost data pertaining to the two choices follow. Required a. Identify the fixed costs and determine the amount of fixed cost for each product: b. Identify the variable costs and determine the amount of vorioble cost per unit for each product. c. Idenify the avoidable costs and determine the amount of ovoidable cost for each product. Complete this question by entering your answers in the tabs below. Identify the fixed costs and determine the amount of fxed cost for each product

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12/31/17 Balance Sheet Cash $17,000                                     Accounts Receivable                           $12,000                                     Prepaid Insurance                                $5,000                                     Inventory                                             $15,000 Total $49,000                                     Equipment                                           $100,000                                     Accumulated Depreciation                  $(20,000) Total $80,000                                     Total Assets                                        $129,000                                     Accounts Payable                                $9,000                                     Income Taxes Payable $3,000                                     Total Liabilities                                    $12,000                                     Common Stock                                   $100,000                                     Retained Earnings                               $17,000                                     Total Equity                                         $117,000                                     Total Liabilities & Equity                    $129,000 Additional Information: Sales for 2018 are...

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