1. The year end balances in James's ledgers: Sales $40,000 Purchases $12,000 Equipment $22,000 Bank Overdraft $8,000 Inventory $19,000 Capital $5,000 What is the Trial Balance total? A. $43,000 B. $57,000 C. $53,000 D. $114,000 2. Depreciation of factory equipment would be classified as: A. operating cost B. administrative cost C. manufacturing overhead D. depreciation expense 3. At a volume of 15,000 units, Adam reported sales revenues of $600,000, variable costs of $225,000, and fixed costs of $120,000. The company's contribution margin per unit is: A. $17. B. $25. C. $47. D $55. 4. HBC Trades sells a single product for $20. Variable costs are $8 per unit and fixed costs total $120,000 at a volume level of 5,000 units. Assuming that fixed costs do NOT change, HBC's break-even sales would be: A. $160,000. B. $200,000 C. $300,000 D. $480,000