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PLEASE ANSWER THE FOLLOWING QUESTIONS 1. 2. 3. 4. High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided
PLEASE ANSWER THE FOLLOWING QUESTIONS
1.
2.
3.
4.
High-Low Method The manufacturing costs of Gregory Industries for three months of the year are provided below. Total Costs Production January $149,040 990 units February 205,680 2,040 231,840 2,790 Using the high-low method, determine (a) the variable cost per unit and (b) the total fixed cost. Round all answers to the nearest whole dollar. a. Variable cost per unit March $ b. Total fixed cost $ Contribution Margin Sally Company sells 33,000 units at $43 per unit. Variable costs are $36.12 per unit, and fixed costs are $90,800. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (C) income from operations. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) % $ per unit c. Income from operations Break-Even Point Nicolas Enterprises sells a product for $118 per unit. The variable cost is $59 per unit, while fixed costs are $891,136. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $123 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $123 per unit units Target Profit Forest Company sells a product for $100 per unit. The variable cost is $55 per unit, and fixed costs are $288,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units required for the company to achieve a target profit of $106,560. a. Break-even point in sales units units b. Break-even point in sales units required for the company to achieve a target profit of $106,560 unitsStep by Step Solution
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