Question
1) Management predicts total sales for June to be $3,000,000, yielding a margin of safety of $1,000,000 and a contribution margin ratio of 25%. Which
1) Management predicts total sales for June to be $3,000,000, yielding a margin of safety of $1,000,000 and a contribution margin ratio of 25%. Which of the following amounts is not consistent with this information?
Operating income, $250,000. Fixed costs, $500,000. Variable costs, $750,000. Breakeven sales volume, $2,000,000.
2. Refer to the attached data. Using the high-low method, compute the variable element of repair cost per hour of operation for Universals equipment:
1. $0.34 2. $750 3. $3.33 4. $0.30
3) Refer to the attached data. Using the high-low method, compute the fixed element of Universals monthly repair cost:
1. $150 2. $6,300 3. $250 4, $6,450
4) Refer to the attached data. The total estimated repair cost for a month in which Universal operates equipment for 19,000 hours is:
1. $6,450 2. $6,300 3. $5,700 4. $5,950
5. If Perkins monthly fixed costs average $425,000, what is its break-even point expressed in sales dollars?
1. $1,250,000 2. $1,400,000 3. $1,320,000 4. $990,000 PLEASE ANSWER ALL 5 AS THEY ARE FROM THE SAME SET ( I dont need explanation just the right answers are enough please)
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