1 (1 point) Question 1 Unsaved Thomas Train has collected the following information over the last six months. Month Units produced Total costs March 10,000 $25,600 April 12,000 26,200 May 19,800 28,000 June 13,000 26,450 July 12,000 26,000 August 15,000 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) Question 2 Unsaved 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: January February March April May June July Number of rooms cleaned 250 160 200 150 285 170 260 Cleaning cost $6,450 $4,060 $5,100 $4,100 $6,760 $4,200 $6,530 How much are estimated monthly variable costs using the high-low method? Your Answer: Question 2 options: Answer Save Question 3 (1 point) Question 3 Unsaved 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) Question 4 Unsaved Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $182,300, 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) Question 5 Unsaved Tim Taylor has written a self improvement book that has the following cost characteristics: Selling Price $16.00 per book Variable cost per unit: Production $4.00 Selling & administrative 2.00 Fixed costs: Production $88,600 per year Selling & administrative 24,300 per year How many units must be sold to break-even? Your Answer: Question 5 options: Answer Save Question 6 (1 point) Question 6 Unsaved 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) Question 7 Unsaved Assume Sparkle Co. expects to sell 150 units next month. The unit sales price is $100, unit variable cost is $45, 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) Question 8 Unsaved 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 companys accounting period Estimates outside the relevant range are useful Cost functions within the relevant range are assumed to be linear