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1 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and
1 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July. Quiz Company sold 5,000 units Determine the total contribution margin for the week Note: Give your answer using dollar signs and commas but no decimal points (cents). Example: $12,345 QUESTION 2 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10 Quiz Company sells its product for $10 per unit Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July. Quiz Company sold 5,000 units. Determine the operating income for the week Note: Give your answer using dollar signs and commas but no decimal points (cents). Example: $12.345 QUESTION 3 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week During the third week of July. Quiz Company sold 5,000 units. Determine the contribution margin ratio. Note: Give your answer to two decimal points. Example: 0.10 QUESTION 4 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July Quiz Company sold 5,000 units Determine the number of units Quiz Company must sell to break even. Note: Give your answer using commas but to not use the word "units" Example: 12.345 QUESTION 5 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week During the third week of July. Quiz Company sold 5,000 units Determine the number of units Quiz Company must sell to earn operating income of $8,000. Note: Give your answer using commas but to not use the word "units" Example: 12,345 QUESTION 6 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July, Quiz Company sold 5,000 units. Determine the sales revenue (in dollars) Quiz Company must generate to break even Note: Give your answer using dollar signs and commas but no decimal points (cents). Example: $12.345 QUESTION 7 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July. Quiz Company sold 5,000 units Determine the sales revenue (in dollars) Quiz Company must generate to earn operating income of $8,000. Note: Give your answer using dollar signs and commas but no decimal points (cents) Example: $12,345 QUESTION 8 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10 Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July. Quiz Company sold 5,000 units. Determine the margin of safety in units for the week. Note: Give your answer using commas but to not use the word "units" Example: 12,345 QUESTION 9 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15,000 per week. During the third week of July. Quiz Company sold 5,000 units. Determine the margin of safety in dollars for the week. Note: Give your answer using dollar signs and commas but no decimal points (cents) Example: $12,345 QUESTION 10 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1-10. Quiz Company sells its product for $10 per unit. Variable costs are $6 per unit and fixed costs are $15.000 per week. During the third week of July. Quiz Company sold 5,000 units. Suppose Quiz Company increased spending for advertising by $2,500 per week. As a result, sales in the fourth week increased by $5,000 compared to the third (current) week. Determine the operating income earned in the fourth week Note: Give your answer using dollar signs and commas but no decimal points (cents). Example: $12.345
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