ARANA SQU E-LEARNING SYSTEM (ACADEMIC) Time left 1:57:59 Question 7 Mazoon Company decided to use the high-low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (45,500 labor hours for a total cost of $121,450) and the lowest level of activity was in November (18,000 labor hours for a total cost of $80,200). What is the estimated total cost for Maroon Company at an expected operating level of 35.000 labor hours? Not yet wered Marked out of 1.00 Flas question a $52.500 b. $105,700 Oc$89.200 Od None of the answers given Oe. $100.825 Question 8 Maroon Company has information on its revenue and costs is as follows: Selling price per unit $70;Variable costs per unit includes: Direct material 516. Direct manufacturing labor $8. Manufacturing overhead 58. and Selling costs $10: Annual foxed costs $85.000. What is the contribution margin percentage? Moutof 100 a 40 b 60% CC525% od 70% e. None of the given answers