1.) A company's product sells at $12.02 per unit and has a $5.03 per unit variable cost. The company's total fixed costs are $97,900. The break-even point in units is:

8,145.

5,659.

7,003.

14,006.

19,463.

2.)

The following information is available for a company's cost of sales over the last five months.

Month	Units sold	Cost of sales
January	350	29,000
February	750	$34,500
March	1,350	$46,500
April	2,150	$58,500

Using the high-low method, the estimated total fixed cost is:

$23,262.

$29,500.

$20,255.

$93,048.

$46,524.

3.)

Cameroon Corp. manufactures and sells electric staplers for $15.00 each. If 10,000 units were sold in December, and management forecasts 3.0% growth in sales each month, the number of electric stapler sales budgeted for March should be:

10,000

10,927

10,300

10,609

10,900

4.) Grason Corporation is preparing a budgeted balance sheet for 2015. The retained earnings balance at December 31, 2014 was $525,500. The 2015 budgeted income statement shows expected net income of $108,000. The company expects to declare dividends during 2015 amounting to $36,000. The expected balance in retained earnings on the 2015 budgeted balance sheet is:

$525,500.

$597,500.

$633,500.

$489,500.

$669,500.