1). Cost of goods sold is the cost for: A). The inventory a business sells B). the revenue a business collects from customers C). Variable expenses. or D). fixed expenses

2).Utilities is $4,500 per month. What kind of cost is that? A). mixed B). None of these C). variable D). Fixed

3).Selling and administrative expenses are $15 per unit plus $25,000 per month. On a contribution margin income statement this cost would be reported: A). under variable expenses section only. B). under the variable expenses and fixed expenses section. C). under the fixed expenses section only. or D). it is not reported on a contribution margin income statement.

4).Sales is $250 per unit, cost of goods sold $170 per unit, selling expenses $20 per unit and $39,000 a month. What is contribution margin for 800 units?

5).Sales is $250 per unit, cost of goods sold $170 per unit, selling expenses $20 per unit and $39,000 a month. What is net income for 800 units?