1 (1 point) 1 Thomas Train has collected the following information over the last six months. Month March April May June July August Units produced 10,000 12,000 18,400 13,000 12,000 15,000 Total costs $25,600 26,200 27,600 26,450 26,000 26,500 Using the high-low method, what is the variable cost per unit? Your Answer: Question 1 options: Answer Save Question 2 (1 point) 2 Rooter's Cleaning Services provided data concerning the costs incurred to clean hotel rooms for which hotel customers pay $150 per night. Data for the past 7 months are as follows: Number of rooms cleaned Cleaning cost January February 250 160 $6,450 $4,060 March 200 $5,100 April 150 $4,100 How much are estimated monthly variable costs using the high-low method? Your Answer: Question 2 options: Answer May 270 $6,640 June 170 $4,200 Save Question 3 (1 point) 3 A cost is $3,600 at 1,000 units, $7,000 at 2,000 units, and $9,200 at 3,000 units. This cost is a Question 3 options: mixed cost step cost variable cost fixed cost Save Question 4 (1 point) 4 Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $188,800, how many dollars of revenue must the company generate in order to reach the break-even point? Your Answer: Question 4 options: Answer Save Question 5 (1 point) 5 Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price Variable cost per unit: Production Selling & administrative Fixed costs: Production Selling & administrative $16.00 per book $4.00 2.00 $94,400 per year 27,300 per year How many units must be sold to break-even? Your Answer: Question 5 options: Answer Save Question 6 (1 point) 6 The use of fixed cost to increase profits at a rate faster than sales increase is called: Question 6 options: \"What if \" analysis C-V-P analysis operating leverage contribution margin approach Save Question 7 (1 point) 7 Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $90, unit variable cost is $30, and the fixed costs per month are $5,000. The margin of safety is: Your Answer: Question 7 options: Answer Save Question 8 (1 point) 8 Which of the following statements about the relevant range is true? Question 8 options: Cost functions outside the relevant range are usually linear The relevant range is the normal length of time in a company's accounting period Estimates outside the relevant range are useful Cost functions within the relevant range are assumed to be linear Save