Exercise 22-16 a,c Crane Company estimates that variable costs will be 55.00% of sales, and fixed costs will total $702,000. The se Compute the break-even point in (1) units and (2) dollars. (1) Break-even sales (2) Break-even sales units Assuming actual sales are $2,000,000, compute the margin of safety in (1) dollars and (2) as a ratio. (1) Margin of safety (2) Margin of safety ratio Exercise 22-18 a,c The controller of Ivanhoe Industries has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine Hours $2,050 2,960 3,530 4,600 3,160 4,910 4,100 3,950 $,030 4,230 3,390 6,210 260 350 490 685 anuary March May 760 640 560 670 615 350 780 November 1.252 and variable cost to S of Excel.) (Round fixed cost to 3 decimal places e.g. Determine the fixed- and variable-cost components using regression analysis (We recommend the use decimal places e.g. I.25125.) Fixed costs Variable-cost Version 4.2 What electridity cost does the cost equation estimate for a level of activity of 490 machine hours? (Round answer to 2 decimal places e.g. 1.25.) Electricity costs s By what amount does this differ from March's observed cost for 490 machine hours? (Round answer to 2 decimal places e.g. 1.25.) Amount differ