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Johnson's Shoe Productions - Major Assignment - PART 1 - Autumn Semester 2022 ...

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Accounting

Johnson's Shoe Productions - Major Assignment - PART 1 - Autumn Semester 2022
Month No. Shoes Produced & Sold Net Profit Before Tax
1 1,470 $27,610
2 1,480 $28,240
3 1,660 $39,580
4 1,670 $41,540
5 1,780 $48,360
6 1,800 $48,400
7 1,850 $52,700
8 1,930 $35,010
9 1,960 $31,680
10 2,100 $67,300
11 2,160 $71,920
12 2,180 $44,440
13 2,220 $51,540
14 2,310 $56,670
15 2,370 $60,090
16 2,520 $68,640
17 2,540 $65,320
18 2,540 $69,780
19 2,600 $73,200
20 2,670 $77,190
21 2,740 $78,700
22 2,750 $81,750
23 2,880 $89,160
24 2,960 $89,680
Check Total 53,140 1,398,500

Question 1: Forecasted number of shoes expected to be sold in month 25 using growth rates. ANSWER: 3,052.5232

Question 13: Based on the forecast of shoe sales developed in Q1, what is the total variable costs for this level of revenue? (Whole dollars)

Answer & Explanation Solved by verified expert
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