1// Green predicts revenue for next year will be $1,200.00. The company's breakeven revenue is $700,000 per year. What is the company's predicted margin of safety for next year? A .S120,000 B.$500,000 Question 2//Operating leverage for Green Company is 3.5 for current sales of $100,000 and current net income of $20,000. If sales increase by 2%, net income will increase by? A.2.0% B.3.5% C.5% D. 7% Question 3// The Green theme park sells 75% of its tickets for the regular price of $14. The remaining discount tickets are sold for the price of $10. The variable cost per guest is $2 for both groups, and fixed costs total $66,000 per month. What is the weighted contribution margin per unit? A. wtd CM of $5 B. Wtd CM of $ 11 C. Wtd CM of $6 D. Wtd CM of $4 Question 4//The Green theme park sells 75% of its tickets for the regular price of $14. The remaining discount tickets are sold for the price of $10. The variable cost per guest is $2 for both groups, and fixed costs total $66,000 per month. What are the number of regular-price guests and discount guests at the breakeven point? A. 4,500 regular, 1,500 discount tickets B. 1,500 regular, 4,500 discount tickets C. 3,000 regular, 3,000 discount tickets Question 5//Units produced 320 units Direct materials $ 71 per unit Direct labor $40 per unit Variable manufacturing overhead $13 per unit Fixed manufacturing overhead $7,360 per year Variable selling and administrative costs $22 per unit. Fixed selling and administrative costs $1,920 per year Calculate the unit product cost using Absorption Costing. A. $147 B.$124 C.$111 D.47 Question 6// Units produced 320 units. Direct materials $71 per unit Direct labor $40 per unit Variable manufacturing overhead $13 per unit Fixed manufacturing overhead $7,360 per year Variable selling and administrative costs $22 per unit. Fixed selling and administrative costs $1,920 per year Calculate the unit product cost using Variable Costing. A. $ 147 B. $124 C. $111 D.$53 Question 7///Direct materials $$41 per unit Direct labor $57 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $20,000 per year Calculate the unit product cost using absorption costing and variable costing when production is 2,000 units. A. Absorption unit cost $115 Variable unit cost $113 B. Absorption unit cost $105 Variable unit cost $115 C. Absorption unit cost $115 Variable unit cost $105 Question 8/// Direct materials $41 per unit Direct labor $57 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $20,000 per year Product X sells for $175 per unit. Assume no beginning inventories. Calculate the gross profit using absorption costing when Adamson produces 2,500 units and sells 2,000 units. A.$120,000 B.$ 124,000 C.S132,000 D.$140,000 Question 9///Direct materials $41 per unit Direct labor $57 per unit Variable manufacturing overhead $7 per unit Fixed manufacturing overhead $20,000 per year Product X sells for $175 per unit. Assume no beginning inventories. Calculate the contribution margin using variable costing when Adamson produces 2,500 units and sells 2,000 units. A.$120,000 B.$124,000 C$132,000 D.$140,000 Question 10//Finished Goods Inventory: Beginning balance, in units 300 Units produced 2,900. Units sold (1.600\ Ending balance, in units 1,600 Production Costs: Variable manufacturing costs per unit $57 Total fixed manufacturing costs $26,100 Calculate the product cost per unit and the total cost of the 1,600 units in ending inventory using absorption costing. A. Unit cost $57 Value of ending inventory $105,600 B. Unit cost $57 Value of ending inventory $91,200 C. Unit cost $66 Value of ending inventory $105,600 D. Unit cost $66 Value of ending inventory $91.200 Question 11//Finished Goods Inventory: Beginning balance, in units 300 Units produced 2,900. Units sold [1,600] Ending balance, in units 1,600 Production Costs: Variable manufacturing costs per unit $57 Total fixed manufacturing costs $26,100 Calculate the product cost per unit and the total cost of the 1,600 units in ending inventory using variable costing. A. Unit cost $57 Value of ending inventory $105,600 B. Unit cost $57 Value of ending inventory $91,200 C. Unit cost $66 Value of ending inventory $105,600 D. Unit cost $66 Value of ending inventory $91.200 12//How do service companies differ from manufacturing companies? Service companies differ from manufacturing companies in that they provide services, rather than products, to their customers. Therefore, service companies do not have inventory or cost of goods sold. A. True B. False