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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;

1. Units Produced = 9,000 Units, Direct Material costs=$297,000
2. Direct Labor Costs=$300,000, Selling Related Costs=$60,000
3. Building Rent & Costs =$33,000 per month

FEBRUARY INFO;

1. Units Produced = 6,000 Units, Direct Material costs=$198,000
2. Direct Labor Costs=$200,000, Selling Related Costs=$55,000
3. Building Rent & Costs =$33,000 per month

MARCH INFO;

1. Units Produced = 3,000 Units, Direct Material costs=$99,000
2. Direct Labor Costs=$150,000, Selling Related Costs=$48,000
3. Building Rent & Costs =$33,000 per month

QUESTIONS

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 = Show your Answer as a Number Only, Rounded to Nearest Dollar. No Commas, Dollar Signs or Decimals.
7. Compute the Estimated Net Income to Produce and Sell 8,000 Bikes using a Sales Price of $99.00 per Bike = =Show your Answer as a Number Only, Rounded to Nearest Dollar. No Commas, Dollar Signs or Decimals.
8. Compute the Sales Price per UNIT Required to make $30,000 in Net Income for a Month where we produce and Sell 4,000 Bikes = = Round Your Answer to the nearest Penny.

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