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please solve them in a sheet of paper I need it quick! P21-49A Calculating cost-volume-profit elements The budgets of four companies yield the following information:
please solve them in a sheet of paper I need it quick!
P21-49A Calculating cost-volume-profit elements The budgets of four companies yield the following information: Up $ 2,187,500 Company Down Left $ 5 375,000 77,000 225,000 216,000 236,000 Sales Revenue Variable Costs Fixed Costs Operating Income (Loss) Units Sold Contribution Margin per Unit Contribution Margin Ratio Right $ @ 374,400 ) 85,400 (6) 256,700 125,000 3.50 14,000 (h) $75.00 $ $ $ 18.00 80% 20% Requirements 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent.) 2. Which company has the lowest breakeven point in sales dollars? 3. What causes the low breakeven point? S21-3 Using the high-low method Mark owns a machine shop. In reviewing the shops utility bills for the past 12 months, he found that the highest bill of $2,400 occurred in August when the ma- chines worked 1,000 machine hours. The lowest utility bill of $2,200 occurred in December when the machines worked 500 machine hours. Requirements 1. Calculate the variable rate 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 Mark anticipates using 700 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2 Step by Step Solution
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