i 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. Print | Done Michael owns a machine shop. In reviewing the shop's s for the past 12 months, he found that the highest bill of 2.700 occurred in August when the machines worked 1.500 machine hours. The lowest utility bill of $2.500 occurred in December when the machines worked 1.000 machine hours Read the requirements Requirement 1. Use the Night low method to calculate the variable cost per machine hour and the total feed uilty cost First, calculate the variabile cost per machine hour select the formula labels then enter the amounts and compute the cost per machine hour (Use the high low method Hound your answer to the nearest cent) Variable cost per machine hour Calculate the total cost Select the formula labels, then t he mounts and compute the total cost Use the highest point) Requirement 2. Show the equation for determining the totally cool for the machine shop m). (7) Requirement 3. Michael anticipates using 1200 machine hours in January, predict the shop's totally bil using the equation from Re Select the terms needed and compute the shop's totally bil predicted for January 1. Requirements 1. 2. 3. Use the high-low method to calculate the variable cost per machine hour and the total duty cost Show the equation for determining the total cost for the machine shop Michael anticipates using 1.200 machine hours in January, predict the shop's totally be using the equation from Requirement 2 3G company is a product for $5 per un costs are per and feed costs 2.000 per month The company expects o n September Calculate the contin margin per un a anda Calculate the contribution margin per unit Select the forma labels and then enter the amounts to compute the contribution margine per unit Calculate the total contribution margin Select the forma ts and then enter the amount to compute the contribution margin Common marginal cos are costs per un V Foxed costs Net sales revenue Nel sales revenue per un eco per un O Fed costs sales revenue Net sales revenue perunt Vanaeco per un Ne sales revenue Net sales revenue per un cos C A venue Ne sales revenue per unit O o on magarac xed costs sales revenue per con buon costs Nets revenue Imagination time Park competes with Splash World by providing a variety of rides Imagination time selfisickets at $110 per personas a one-day entrance fee Variable costs are $44 per person, and feed costs are $412,500 per month Compute the contribution margin per unit and the number of sickets Imagination im Park mussell to break even Perfom a numerical proof to show that your answer is correct Begin by selecting the formula labels and then entering the amounts to compute the contribution margin perunt - Combibution margin per un natione must to break even Abbrevision used. CM Combo Complete all answer boxes Forms Begin by selecting the forma label and then entering the amounts to compute the number of Schets with a veroval 1 5) Rosales in Perfoma numerical prool that the number of dots to break even you computed in the preceding step is correct Begin by selecting the forma and an entering the amounts to come the target prot to breakeven (Complete all we boxes For tems Target pro (1) Vanable costs Variable costs per unit Target pront Vanable costs Variable costs perunt (S) bed costs Nel sales revenue Net as event per une Foxed costs Nel sales revenue Net sales revente per un OCM perunt O Fed costs O Variable costs OCM per un | Sales price Net sales revenue per Variable costs Vanabe costs per un CM per unit Food costs Varate costs O combuson margin perunt OF COSES Neues revenue Concution me Units to breakeven Vanable costs Fund costs per un mah Story Park competes with Fun Word by providing a variety of des Story ses tickets at $100 per person as a one-day entrance fee Variable costs are $20 per person, and feed costs are $650.000 per month Compute Story Park's contribution margini Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Story Park needs to break even Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio (Enter you answer to the nearest percent XS) - Contribution margin ratio Begin by selecting the formed and then entering the amounts to calculate the sales in dollars Story needs to break even (Abbreviation used CM contribution margin Complete all answer bowes For lems with a zero va enter ( 0 ) Required sales in dolars O Variable costs Vantable costs per unit (3) O (1) O Contribution margin perunt Fed costs Net sales revenue per un Vanable costs Vanable costs per unit (4) (5) (2) O O contribution margin perunt Fored costs Net sales revenue per unit CM ratio Fed costs Variable costs Sales price Target profit O OCM rabo Foxed costs vanace costs i 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. Print | Done Michael owns a machine shop. In reviewing the shop's s for the past 12 months, he found that the highest bill of 2.700 occurred in August when the machines worked 1.500 machine hours. The lowest utility bill of $2.500 occurred in December when the machines worked 1.000 machine hours Read the requirements Requirement 1. Use the Night low method to calculate the variable cost per machine hour and the total feed uilty cost First, calculate the variabile cost per machine hour select the formula labels then enter the amounts and compute the cost per machine hour (Use the high low method Hound your answer to the nearest cent) Variable cost per machine hour Calculate the total cost Select the formula labels, then t he mounts and compute the total cost Use the highest point) Requirement 2. Show the equation for determining the totally cool for the machine shop m). (7) Requirement 3. Michael anticipates using 1200 machine hours in January, predict the shop's totally bil using the equation from Re Select the terms needed and compute the shop's totally bil predicted for January 1. Requirements 1. 2. 3. Use the high-low method to calculate the variable cost per machine hour and the total duty cost Show the equation for determining the total cost for the machine shop Michael anticipates using 1.200 machine hours in January, predict the shop's totally be using the equation from Requirement 2 3G company is a product for $5 per un costs are per and feed costs 2.000 per month The company expects o n September Calculate the contin margin per un a anda Calculate the contribution margin per unit Select the forma labels and then enter the amounts to compute the contribution margine per unit Calculate the total contribution margin Select the forma ts and then enter the amount to compute the contribution margin Common marginal cos are costs per un V Foxed costs Net sales revenue Nel sales revenue per un eco per un O Fed costs sales revenue Net sales revenue perunt Vanaeco per un Ne sales revenue Net sales revenue per un cos C A venue Ne sales revenue per unit O o on magarac xed costs sales revenue per con buon costs Nets revenue Imagination time Park competes with Splash World by providing a variety of rides Imagination time selfisickets at $110 per personas a one-day entrance fee Variable costs are $44 per person, and feed costs are $412,500 per month Compute the contribution margin per unit and the number of sickets Imagination im Park mussell to break even Perfom a numerical proof to show that your answer is correct Begin by selecting the formula labels and then entering the amounts to compute the contribution margin perunt - Combibution margin per un natione must to break even Abbrevision used. CM Combo Complete all answer boxes Forms Begin by selecting the forma label and then entering the amounts to compute the number of Schets with a veroval 1 5) Rosales in Perfoma numerical prool that the number of dots to break even you computed in the preceding step is correct Begin by selecting the forma and an entering the amounts to come the target prot to breakeven (Complete all we boxes For tems Target pro (1) Vanable costs Variable costs per unit Target pront Vanable costs Variable costs perunt (S) bed costs Nel sales revenue Net as event per une Foxed costs Nel sales revenue Net sales revente per un OCM perunt O Fed costs O Variable costs OCM per un | Sales price Net sales revenue per Variable costs Vanabe costs per un CM per unit Food costs Varate costs O combuson margin perunt OF COSES Neues revenue Concution me Units to breakeven Vanable costs Fund costs per un mah Story Park competes with Fun Word by providing a variety of des Story ses tickets at $100 per person as a one-day entrance fee Variable costs are $20 per person, and feed costs are $650.000 per month Compute Story Park's contribution margini Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Story Park needs to break even Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio (Enter you answer to the nearest percent XS) - Contribution margin ratio Begin by selecting the formed and then entering the amounts to calculate the sales in dollars Story needs to break even (Abbreviation used CM contribution margin Complete all answer bowes For lems with a zero va enter ( 0 ) Required sales in dolars O Variable costs Vantable costs per unit (3) O (1) O Contribution margin perunt Fed costs Net sales revenue per un Vanable costs Vanable costs per unit (4) (5) (2) O O contribution margin perunt Fored costs Net sales revenue per unit CM ratio Fed costs Variable costs Sales price Target profit O OCM rabo Foxed costs vanace costs