1) Corny and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00. What are breakeven sales in dollars?

A. $563

B. $1,125

C. $375

D. $300

2)To find the sales revenue needed to breakeven, the formula used could be

A.contribution margin per unit fixed expenses.

B. fixed expenses contribution margin per unit.

C. contribution margin ratio fixed expenses.

D. fixed expenses contribution margin ratio.

3)Matthew's Fish Fry has a monthly target operating income of $7,200. Variable expenses are 60% of sales and monthly fixed expenses are $1,800. What is Matthew's operating leverage factor at the target level of operating income?

A. 0.75

B. 0.80

C. 5.00

D. 1.25

4)Jackie's Creamery sells fudge, cookies, and popcorn to patrons in the local community. The manager at the creamery sold 6,000 total boxes of merchandise last year. The popcorn outsold fudge by a margin of 2 to 1. The sales of caramels equaled the sales of popcorn. Total fixed costs for Jackie's Creamery total $10,000.The managerial accountant at Jackie's Creamery reported the following information:

Product	Unit Sales Prices	Unit Variable Cost
Fudge	$5	$4
Caramels	$10	$6
Popcorn	$6	$5

Which formula should the managerial accountant use to determine the number of boxes of each different snack sold?

A. 3x + 2x + x = 6,000

B. x + 2x + 2x = 6,000

C. x + y + z = 6,000

D. none of the above

5)Contribution margin ratio is computed by

A. dividing operating income by contribution margin.

B. dividing sales revenue by contribution margin.

C. dividing contribution margin by sales revenue.

D. dividing contribution margin by operating income.

6)Dairy Days Ice Cream sells ice cream cones for $6 per customer. Variable costs are $2

per cone. Fixed costs are $2,700 per month. What is Dairy Days' contribution margin per ice cream cone?

A.$4

B. $2

C. $6

D. $ 0.67

7) Boss Enterprises currently sells its products for $80 per unit. Management is contemplating a 30% increase in the selling price for the next year. Variable costs are currently 30% of sales revenue and are not expected to change next year. Fixed expenses are $448,000 per year.

What is the breakeven point in units at the current selling price?

A.18,667 units

B. 56 units

C. 8,000 units

D. 4,308 units

8)

The Muffin House produces and sells a variety of muffins. The selling price per dozen is $15, variable costs are $9 per dozen, and total fixed costs are $4,200. What are breakeven sales in dollars?

A. $6,300

B. $700

C. $2,625

D. $10,500

9) Mississippi Mile Travel Company is conducting a sensitivity analysis in order to assess the company's margin of safety in units and in dollars. Predicted data indicate that 4,750 travel package sales can be expected while 2,100 package sales are necessary to meet the company's breakeven point. Each travel package costs $3,100.

Calculate the company's margin of safety in package units and dollars.

A. 2,100 travel package units; $5,565,000

B. 2,650 travel package units; $8,215,000

C.4 comma 7504,750 travel package units; $14,725,000

D.6,850 travel package units; $21,235,000

10) J.I.T Auto sells its cars for $31,590 per unit (car). Variable costs are currently 40% of sales revenue. Fixed expenses are $758,160,000 per year.

What is the breakeven point in units at the current selling price?

A. 17,143 units

B. 40,000 units

C. 60,000 units

D.18,954 units