Question 1 Use the following information to answer this question. Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.   Sales volume (units) 4,000 5,000 Cost of sales $338,000 $422,500 Selling and administrative costs $89,600 $106,000 The best estimate of the total contribution margin when 4,300 units are sold is Question 2 Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced, and 90,000 units were sold. Manufacturing costs and selling and administrative expenses for the year were as follows:   Fixed Costs Variable Costs Raw materials   $1.75 per unit produced Direct labor   $1.25 per unit produced Factory overhead $100,000 $0.50 per unit produced Selling and administrative $70,000 $0.60 per unit sold What was Indiana Corporation's net operating income for the year using variable costing? Question 3 Green Company's variable expenses are 75% of sales. At a sales level of $400,000, the company's degree of operating leverage is 8. At this sales level, fixed expenses are Question 4 Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $115.80 per unit.   Sales volume (units) 4,000 5,000 Cost of sales $338,000 $422,500 Selling and administrative costs $89,600 $106,000 The best estimate of the total variable cost per unit is Question 5 Last year, Gransky Corporation's variable costing net operating income was $52,100, and its ending inventory increased by 400 units. Fixed manufacturing overhead cost was $7 per unit. What was the absorption costing net operating income last year? Question 6 Lifsey Wedding