Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.) Assume the following [1] selling price per unit = $25, {2] variable expense per unit = $13. (3] the total xed expenses = $13,800,

1.)

image text in transcribedimage text in transcribed
Assume the following [1] selling price per unit = $25, {2] variable expense per unit = $13. (3] the total xed expenses = $13,800, and (4] net operating in come = $11,400. Given these four assumptions. unit sales must be: Multiple Choice 0 1,632 units. 2 I.100 units. 12 00 units. 000 2,520 units. Assume the following [1] variable expenses = $288,000, [2} unit sales = 10.000. (3] the contribution margin ratio = 25%, and (4] net operating income = $10,000. Given these four assumptions, which of the following is true? Multiple Choice 0 The total xed expenses = $72,000 0 The variable expense ratio is 300% O The total contribution margin = $216,000 0 The total sales = $334,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Detecting Accounting Fraud Analysis And Ethics

Authors: Cecil Jackson

1st Edition

0133078604, 9780133078602

More Books

Students also viewed these Accounting questions

Question

Which element is required in a web applic a. b. c. d

Answered: 1 week ago

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago