1. Gabbos Inc sells books. If the books sell at an average price of $24, and the variable cost is 15% of the selling price, and fixed costs are $11,000, what is the number of books to be sold in order to breakeven? Round your answer to the nearest whole number of books.

2.Alice notes that when her revenue reaches $197,000, her contribution margin is exactly equal to her fixed costs. Alices fixed costs are $45,000. What amount of revenue does Alice need to have an $85,000 margin of safety (in dollars)?

3.Using the high-low method and the table below, estimate the cost formula for Manufacturing costs (a mixed cost) at Company X. Month Units Produced Manu. Cost January 7,000 $80,000 March 10,000 $120,000 June 14,000 $140,000 September 9,000 $110,000 In the following period, 11,000 units are produced. Using the formula you estimated, what Manufacturing cost should Company X expect for this period? Round your answer to the nearest cent.

4.Helmer produces guitars which costs him $164 in variable costs per unit to produce. Helmer wants to have a contribution margin on his guitar that equals 56 percent of the selling price. How much should his guitars sell for? Round your answer to the nearest cent.