Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brief Exercise 22-04 a1-a2 Carla Vista Company accumulates the following data concerning a mixed cost, using miles as the activity level Miles Total Driven Cost

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Brief Exercise 22-04 a1-a2 Carla Vista Company accumulates the following data concerning a mixed cost, using miles as the activity level Miles Total Driven Cost Miles Total Driven Cost anuary 8,020 $14,105 March 8,495 $15,098 February 7,49013,490 Apri8,205 14,485 Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile LINK TO TEXT Compute the fixed cost elements using the high-low method Fixed costs LINK TO TEXT Brief Exercise 22-06 Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $800 $336 % (b) 2. $350 $147 % (d) 3 $800 40 % LINK TO TEXT Brief Exercise 22-08 Ivanhoe Company has a unit selling price of $690, variable costs per unit of $490, and fixed costs of $303,200. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin. (a) Mathematical Equation (b) Unit contribution margin Break-even point units units LINK TO TEXT Brief Exercise 22-11 a-b For Pharoah Company, actual sales are $1,100,000, and break-even sales are $792,000. Compute the margin of safety in dollars. Margin of safety s LINK TO TEXT Compute the margin of safety ratio. Margin of safety ratio LINK TO TEXT

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions