14. The Absolate Most Brllat Profesor Mallen Coempuny's activity for the fist months of 2011 are as follows Machine Hours Electrical Cost January February March 2,100 2,600 2,900 $4,800 $5,800 $6,400 Using the high-low method, how much is the variable cost (V/C) per machine hour? A) $2.00 B) $3.00 C) $2 26 D) $1.78 15. If a company had a contribution margin (CM) of $300,000 and a contribution margin (CM) ratio of 40%, total variable costs (VC) must have been A) $450,000, B) $180,000. C) $730,000 D) $120,000. 16. A company has contribution margin (Uait CM) per unit of $60 and a contribution margin (CM) ratio of 40%, what is the unit selling or sales price (SP) ? A)$100 B) $150 C) $24 D) Cannot be determined. 17. The Most Excellent and Genius Professor Mullen, Inc. has a product with a selling price per unit (Unit SP) of $200, the unit variable cost (V/C) is $110, and the total monthly fixed costs (F/C) are $300,000. How much is The Most Excellent and Genius Professor Mullen's contribution margin ratio (CM%? A) B) C) D) 45% 55% 150% 90% 18. Most Brilliant Professor of All Time Mullen Company has a contribution margin of (CM) S21 0,000 andacontribution margin (CM) ratio of 30% variable costs (V/C)? A) $63,000 B) $490,000 C) $147,000 D) $700,000 How much are total Page 4