13) Meadow uses the high-low method. It had total costs of $500,000 at its lowest leve when 5,000 units were sold. When, at its highest level of activity, sales costs were $780,000. Meadow would estimate fixed costs as: equaled 12,000 units, A) $640,000 B) $1,200,000 C) $300,000 D) $280,000 14) Orchid Corp. has a selling price of $15, variable costs of $10 per unit, and fixed costs of $25,000 If Orchid sells 13,000 units, contribution margin will equal: A) $ 145,000 B) S65,000 C) $40,000 D) $195,000 15) The contribution margin ratio is: A) the contribution margin stated as a percentage of total costs. B) the contribution margin stated as a percentage of fixed costs. C) the contribution margin stated as a percentage of profit. D) the contribution margin stated as a percentage of sales. 16) The break-even point is the point at which profit equals: A) the target. C) variable costs B) zero. D) less than five percent 7) Thunder Corp. has a selling price of $25 per unit, variable costs of S20 per unit, and fixed costs of $35,000. How many units must be sold to break even? A) 14,000 B) 7,000 C) 3,500 D) 2,334 fixed costs of ing price of s25 per unit, variable costs of S20 per unit, and fis Skyline Corp. has a sel $25,000. What sales revenue is needed to break-even? A) $5,000 D) $50,000 C) $125,000 B) S100,000