1. Research on a new product indicates that the product can be sold for $30 per unit. Cost analysis provides the following information. Fixed cost per period = $5640 Variable cost per unit = $20 Production capacity per period - 800 units What is the cost function? a. TC=5640 + 20% b. TC=5640 + 800X c. TC = 800 + 20X d. TC = 5640 + 30X 2. What is the revenue function for the product in question 1? a. TR=30X b. TR=20X C. TR= 30X - 20 d. TR= 800X 4. The variable costs on a new product will be $40 per unit and the fixed costs are estimated to be $4800. The selling price of the product is to be $75 per unit. What is the contribution margin? a. $15 b. $75 c. $60 d. $35 5. What is the contribution rate for the product in question 1? a. 20% b. 1.6% c. 80% d. 46.7% 6. What is the break-even point in units for the product in question 1? a. 137 b. 120 c. 40 d. 75 7. The variable costs on a new product will be $60 per unit and the fixed costs are estimated to be $5900. The selling price will be $140 per unit. What is the total revenue if 300 units are sold? a. $5900 b. $18 000 c. $42 000 d. $4500 8. What is the total variable cost from question 72 a. $5900 b. $18 000 c. $42 000 d. $45000