1. Ocean City Kite Company manufactures & sells kites for $7.00 each. The variable cost per kite is $2.00 and the breakeven point is 75,000 kites. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs. Round to closest whole number (no cents). Your Answer:

2. During FY 2021, Adelphi Company reported sales of $400,000, a contribution margin of $7.00 per unit, fixed costs of $50,000, and net income of $25,000. Use this information to determine the number of units Adelphi sold during FY 2021. (Round answer to nearest whole number)

Your Answer: