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5 Columns Show Navigation Banery TODOXZoom Help DocumentElements Quick Tables Charts SmartArt Graphics WordArt Question 2 Part 1 The manager of Trusty Car Inspection reviewed
5 Columns Show Navigation Banery TODOXZoom Help DocumentElements Quick Tables Charts SmartArt Graphics WordArt Question 2 Part 1 The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,500 for 1,500 inspections to $3,690 for 825 Inspections 1. Use the high-low method to calculate the variable cost per inspection 2. Calculate the total fixed costs. 3. Write the equation and calculate the operating costs for 1,100 inspections Question 2 Part 2 For its top managers, Worldwide Travel formats its income statement as follows: WORLDWIDE TRAVEL Contribution Margin Income Statement Sales Revenue Variable Costs Contribution $331,774 169,250 Margin $172,524 168 275 Fixed Costs Operating Income (Loss) $4 249 Worldwide's relevant range is between sales of $255,000 and $375,000 Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $255.000 sales level and one at the $375,000 sales level 1 TK MacBook Pro
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