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Concord Corporation's high and low level of activity last year was 55000 units of product produced in May and 20000 units produced in November. Machine
Concord Corporation's high and low level of activity last year was 55000 units of product produced in May and 20000 units produced in November. Machine maintenance costs were $141000 in May and $64000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 55000 units. $141000 $121000 O $136000 O $136000 Sheffield Corp. has a unit contribution margin of $40 and a contribution margin ratio of 40%. How much is the selling price of each unit? $16. O $67. O $100. O Cannot be determined without more information. The following information is available for Swifty Corporation: Sales $560000 $150000 Total fixed expenses Total variable expenses Cost of goods sold 360000 320000 A CVP income statement would report O gross profit of $200000. O gross profit of $240000 O contribution margin of $240000. O contribution margin of $410000
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