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Compute the missing amounts for the following table. (Click the icon to view the table.) Compute the missing amounts. (Enter the contribution margin ratio to
Compute the missing amounts for the following table. (Click the icon to view the table.) Compute the missing amounts. (Enter the contribution margin ratio to nearest percent, X%.) Sale price per unit Variable costs per unit Total fixed costs Target profit Calculate: Contribution margin per unit Contribution margin ratio Required units to break even Required sales dollars to break even Required units to achieve target profit A 1,800 720 669,600 1,188,000 % Data table Sales price per unit Variable costs per unit Total fixed costs Target profit Calculate: Contribution margin per unit Contribution margin ratio Required units to break even Required sales dollars to break even Required units to achieve target profit A B C $ 1,800 $ 4,100 $ 5,990 720 1,640 3,594 669,600 738,000 3,833,600 1,188,000 31,242,000 5,199,320 Print Done - X Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,800 occurred in August when the machines worked 1,400 machine hours. The lowest utility bill of $2,600 occurred in December when the machines worked 900 machine hours. Read the requirements. Requirement 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost. First, calculate the variable cost per machine hour. Select the formula labels, then enter the amounts and compute the variable cost per machine hour. (Use the high-low method. Round your answer to the nearest cent.) = Variable cost per machine hour Requirements 1. Use the high-low method to calculate the variable cost per machine hour and the total fixed utility cost. 2. Show the equation for determining the total utility cost for the machine shop. 3. If Michael anticipates using 1,200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2. ur and the amc e neares cost per r Print Done
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