. Dollywood Corporation accumulates the following data concerning a mixed cost, using Miles Driven Total Cost miles as the activity level. Miles Driven Total Cost $16,500 10.000 8,000 March April 9,000 7,000 $12,500 $12,000 January February Instructions $14,500 compute the variable and fixed cost elements using the high-low method. 9. Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Contribution Margin Margin $300 $600 E. $165 C. F. Ratio B. D. 40% $150 $440 2 10. Kipling Company has sales of $1,500,000 for the first quarter of 2016. In making the sales, the company incurred the following costs and expenses. Variable $500,000 100,000 80,000 Fixed Product costs Selling expenses Administrative expenses $550,000 75,000 67,000 Instructions Calculate net income under CVP for 2016