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Accounting

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Garver Company sells a product for $75 per unit. Variable costs are $45 per unit, and fixed costs are $2,300 per month. The company expects to sell 540 units in September. Calculate the contribution margin per unit, in total, and as a ratio. Calculate the total contribution margin. Select the formula labels and then enter the amounts to compute the contribution margin. Mickey owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,700 occurred in August when the machines worked 1,300 machine hours. The lowest utility bill of $2,500 occurred in December when the machines worked 800 machine hours. Read the Requirement 3. If Mickey anticipates using 1,200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2. Select the items needed and compute the shop's total utility bill predicted for January

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