Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

1. 2. 3. 4. 5. A company manufactures and sells a product for $150 per unit. The company's fixed costs are $115,000, and its variable

1.image text in transcribed

2.

image text in transcribed

3.

image text in transcribed

4.

image text in transcribed

5.

image text in transcribed

A company manufactures and sells a product for $150 per unit. The company's fixed costs are $115,000, and its variable costs are $75 per unit. The company's break-even point in sales dollars is: (Round your intermediate calculations to two decimal places.) Multiple Choice $220,500. $115,000. $1,533. $230,000. $130,500. A firm sells two products, Regular and Ultra. For every unit of Regular sold, two units of Ultra are sold. The firm's total fixed costs are $1,732,000. Selling prices and cost information for both products follow. The contribution margin per composite unit is: Product Regular Ultra Unit Sales Price $ 32 35 Variable Cost Per Unit $ 13 10 Multiple Choice $19. $25. $44. $60. $69. Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $480 and has a unit contribution margin of $150; the Adult model sells for $940 and has a unit contribution margin of $495; and the Recreational model sells for $1,270 and has a unit contribution margin of $545. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,590,000, calculate the firm's contribution margin ratio per composite unit (rounded to the nearest whole percentage). Multiple Choice 31% 46% o 53% O 218% 41% McCoy Brothers manufactures and sells two products, A and Z in the ratio of 5:2. Product A sells for $86; Z sells for $124. Variable costs for product A are $45; for Z $49. Fixed costs are $518,300. Compute the break- even point in composite units. Multiple Choice 2,528 3,455. 1,460. O 1,514 1,665. A manufacturer reports the following information below for its first three years in operation. Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit Year 1 Year 2 Year 3 $93,000 $126,000 $132,000 0 970 585 970 585 0 $ 10.00 $ 10.00 $ 10.00 Income for year 2 using absorption costing is: Multiple Choice $126,000. $137,700. $122,150. $132,000. $126,150

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started