Brief Exercise 20.3 (Static) Using a Cost Formula (LO20-1, LO20-9) Wadena Search and Rescue estimates the monthly cost of responding to emergency calls to be $100,000, plus $625 per call. a-1. In a month in which the company responds to 80 emergency calls, determine the estimated total cost of responding to emergency calls. a-2. In a month in which the company responds to 80 emergency calls, determine the estimated average cost of responding to emergency calls. b. Assume that in a given month, the number of emergency calls was unusually high. Would you expect the average cost of responding to emergency calls during this month to be higher or lower than in other months? Complete this question by entering your answers in the tabs below. In a month in which the company responds to 80 emergency calls, determine the estimated total cost of responding to emergency calls. Exercise 20.10 (Algo) Computing Contribution Margin Ratio and Margin of Safety (LO2O-4, LO20-5) The following information relates to the only product sold by Mastrolia Manufacturing: Required: a. Compute the contribution margin ratio and the dollar sales volume required to break even. b. Assuming that the company sells 30,000 units during the current year, compute the margin of safety (in dollars). Exercise 20.4 (Algo) Computing the Break-Even Point (LO2O-4, LO2O-5, LO20-6) Finley Corporation has monthly fixed costs of $68,000. It sells two products for which it has provided the following information: Required: a. What total monthly sales revenue is required to break even if the relative sales mix is 30 percent for Product 1 and 70 percent for Product 2? (Hint: Determine the contribution margin ratio for each product.) Note: Round your answer to the nearest dollar amount. b. What total monthly sales revenue is required to earn a monthly operating income of $16,000 if the relative sales mix is 20 percent for Product 1 and 80 percent for Product 2? Note: Round your answer to the nearest dollar amount. Brief Exercise 20.3 (Static) Using a Cost Formula (LO20-1, LO20-9) Wadena Search and Rescue estimates the monthly cost of responding to emergency calls to be $100,000, plus $625 per call. a-1. In a month in which the company responds to 80 emergency calls, determine the estimated total cost of responding to emergency calls. a-2. In a month in which the company responds to 80 emergency calls, determine the estimated average cost of responding to emergency calls. b. Assume that in a given month, the number of emergency calls was unusually high. Would you expect the average cost of responding to emergency calls during this month to be higher or lower than in other months? Complete this question by entering your answers in the tabs below. In a month in which the company responds to 80 emergency calls, determine the estimated average cost of responding to emergency calls