Question

# 1.  Company’s high and low level of activity last year was 70000 units of product produced in...

1.  Company’s high and low level of activity last year was 70000 units of product produced in May and 24000 units produced in November. Machine maintenance costs were \$167000 in May and \$65800 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 54000 units.

2.In applying the high-low method, what is the fixed cost?

 Month Miles Total Cost January 88000 \$192000 February 54000 120000 March 80000 168000 April 94000 200000

 \$12000
 \$32000
 \$72000
 \$48000

3.If contribution margin is \$70000, sales is \$120000, and net income is \$50000, then variable and fixed expenses are

4.For Coronado Industries, sales is \$2000000, fixed expenses are \$405000, and the contribution margin per unit is \$60. What is the break-even point?

Answer #1

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