Question 1 Not yet answered Marked out of 1.00 Mazoon Company's variable costs are 75% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? a. None of the given answers b. $1.66 c. $1.77 d. $5.33 e. e. $6.67 Clear my choice Not yet answered Question 3 Marked out of 1.00 The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1,000 $ 7,200 October 1,800 $ 10,900 November 5,800 $ 17,200 December 4,600 $ 14,200 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: a. $2.97 b. $0.48 c. $1.94 d. None of the given answers $2.08 Clear my choice Question 4 Not yet answered Marked out of 0.60 XYZ Company wishes to gain more market share. In order to do that, the company is planning to double the current production and sales quantity. At the same time, the company plans to decrease the selling price per unit by half. Assuming that the total fixed cost and the variable cost per unit remain unchanged, what would be the effect on profit? a. Profit would decrease b. Profit would remain unchanged c. Cannot be determined using the information in the question. d. Profit would increase e. None of the given answers Clear my choice