Question: In applying the high-low method, what is the unit variable cost? Month Miles Total Cost January 78000 $132000 February 54000 110000 March 68000 128000 April

In applying the high-low method, what is the unit variable cost?

Month Miles Total Cost
January 78000 $132000
February 54000 110000
March 68000 128000
April 94000 160000

$1.70.

$1.25.

$2.04.

Cannot be determined from the information given.

A company has a unit contribution margin of $120 and a contribution margin ratio of 30%. What is the unit selling price?

$267.

$36.

$400.

Cannot be determined.

Two costs at Bradshaw Company appear below for specific months of operation.

Month Amount Units Produced
Delivery costs September $40,000 40,000
October 55,000 60,000
Utilities September $84,000 40,000
October 126,000 60,000

Which type of costs are these?

Delivery costs are mixed and utilities are variable.

Delivery costs and utilities are both mixed.

Delivery costs and utilities are both variable.

Utilities are mixed and delivery costs are variable.

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