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Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to calculate Smithson’s fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,700 10,100 February 37,100 18,300 March 28,600 12,500 April 30,700 15,300 $23,613$11,112$44,448$13,890If sales are $816,000, variable costs are 68% of sales, and operating income is $210,000, what is the contribution margin ratio?32%64%68%36%Bluegill Company sells 14,900 units at $280 per unit. Fixed costs are $208,600 and income from operations is $2,711,800. Determine the following: Round the contribution margin ratio to two decimal places. a. Variable cost per unit $ b. Unit contribution margin $ per unit c. Contribution margin ratio % Break-Even PointElrod Inc. sells a product for $75 per unit. The variable cost is $45 per unit, while fixed costs are $48,000.Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $95 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $95 per unit units Target ProfitVersa Inc. sells a product for $100 per unit. The variable cost is $75 per unit, and fixed costs are $45,000.Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $25,000. a. Break-even point in sales units units b. Break-even point in sales units if the company desires a target profit of $25,000 units
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