(Solved): Genuine Splce Inc, began operations on January 1 of the current year, The company produces 8-ounce ...

Genuine Splce Inc, began operations on January 1 of the current year, The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The locion is sold wholesale in 12 -bottle cases for \( \$ 100 \) per case. There is a selling commisslon of \( \$ 20 \) per case. The January direct materials, dircet labor, and factory overhead costs are as follows: The management of Genuine Spice Inc. wishes to determine the mumber of cases required to break even per month. The utilities cost, which is part of factory overhead, is a mixed cost. The foliowing information was gathered from the first six months of operation regarding this cost: Required: 1. Determine the fixed and variable portions of the utility cost using the high-low methed. Round the per unit cost to the nearest cent. 2. Determine the contribution margin per case. Round your answer to the nearest cent. Contribution margin per case 1 3. Determine the fored costs per month, including the utility foxed cost from part (1). 4. Determine the break-even number of cases per month. 5 cases