Graph 1 Graph 2 Total units produced Total units produced Graph 3 Graph 4 Total units produced Figure 5-1 Total units produced Which of the graphs in Figure 5-1 illustrates the behavior of a total variable cost? a. Graph 1 b. Graph 3 c. Graph 2 d. Graph 4 Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty variable utilities costs per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,110 14,585 10.470 April May June 2,698 2,822 11,695 3,861 18,456 C. $1.60 b. $0.83 c. $0.87 d. $0.15 Variable costs as a percentage of sales for Lemon Inc. are 62%, current sales are $574,000, and fixed costs are $198.000. How much will conting income chang $43,3007 e s increase by a. $26,846 decrease b. $16,454 decrease Cc. $16,454 increase d. 526 546 increase Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $21,500 Food and packaging $9,270 Payroll 5,400 Occupancy (rent, depreciation, etc.) 3,090 General, selling, and administrative expenses 3,100 $20,860 Income from operations 5640 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. ) a. What is McDonald's contribution margin? Round to the nearest milion. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? c. How much would income from operations increase if same-store sales increased by $1,300 million for the coming year, with no change in the contribution margin ratio of fixed costs? Round your answer to the closest million $ million