if total fixed costs costs are $300,000 and 15. How much sales are required to earn a target income of $240,000 the contribution margin ratio is 40%? desires to sell a sufficient quantity of products to earn a profit of $400,000. If the unit sales unit variable cost is $12, and total fixed costs are $800,000, how many units must be sold to 16. A com pany price is $20, earn net income of $400,000? 17. Dan ny's Lawn Equipment has actual sales of $800,000 and a break-even point of $520,000. How much is its margin of safety ratio? 18. Dollywood Corporation accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven 9,000 7,000 Total Cost $15,000 $12,000 Mile ta $16,500 $13,500 ive January 10,000 February March pri 8,000 Compute the variable and fixed cost elements using the high-low method. 19. 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 Product costs Selling expenses Administrative expenses Variable $500,000 100,000 80,000 Fixed $550,000 75,000 67,000 Calculate net income under CVP for 2016 Co. has fixed ts usie asail tse auti e rce is .50 per ost olng 516500 Compute the break-even point in units d costs totaling S165,000. Its unit contribution margin is S1.50, and the selling