Question 19 Not yet answered Marked out of 1.00 The contribution margin ratio is 50%. If total fixed costs are $21,000, then what is the total cost ($) of producing and selling 55,000 units? The selling price is $5 per unit. a. None of the given answers b. 254,000 137,500 d. 116,500 e. 137,500 Question 20 Not yet answered Marked out of 0.60 Which of the following statements related to cost estimation methods is true? a. The most complex method of cost estimation is the high-low method. b. The scatter-graph method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. None of the given answers. d. The high-low method is the most accurate and reliable method to determine the cost behavior compared to scatter-graph plot and least-squares regression methods. e. The three methods determine a slope and an intercept