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Bonita Industries has a unit contribution margin of $30 and a contribution margin ratio of 20%. How much is the selling price of each unit O $150 O $6 O $38 O Cannot be determined without more information How much sales are required to earn a target net income of $230000 if total fixed costs are $250000 and the contribution margin ratio is 40%? O $1092500 O $625000 O $1200000 $575000 urrent Attempt in Progress In the Sunland, maintenance costs are a mixed cost. At the low level of activity (120 direct labor hours), maintenance costs are $1500. At the high level of activity (300 direct labor hours), maintenance costs are $2200. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost? Variable Cost Per Unit Total Fixed Cost $7.33 $1550 $3.89 $1033 $3.89 $700 $7.33 $440 Waterway Industries sells 100000 wrenches for $24 per unit. Fixed costs are $700000 and net income is 5400000. What should be reported as variable expenses in the CVP income statement? O $1170000 O $2000000 O $1700000 O $1300000 In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 70000 $92000 February 40000 60000 March 60000 88000 April 80000 100000 O $1.25. O $1.00. O $1.50. O Cannot be determined from the information given. In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 70000 $92000 February 40000 60000 March 60000 88000 April 80000 100000 O $1.25. O $1.00. O $1.50. O Cannot be determined from the information given. Marigold reported the following results from the sale of 5000 units in May, sales $420000, variable costs $310000, fixed costs $90000, and net income $30000. Assume that Marigold increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income? O 5000 4580 4750 4758

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