Question
1. Using the annual profit formula Y =b(x) - a, the b represents: Select one: a. Annual before-tax profit b. Annual fixed costs c. Contribution
1. Using the annual profit formula Y =b(x) - a, the b represents:
Select one:
a. Annual before-tax profit
b. Annual fixed costs
c. Contribution margin per unit
d. Variable costs per unit
2.
Using the annual profit formula, Y = b(x) - a, the a represents:
Select one:
a. Variable costs per unit
b. Annual fixed costs
c. Total profit
d. Total annual units sold
3.
Using the annual profit formula, Y = b(x) - a, what is the formula for calculating the break-even point in units?
Select one:
a. Total annual fixed costs / contribution margin per unit
b. Total annual fixed costs / variable costs per unit
c. Profit / contribution margin per unit
d. Fixed costs per unit / contribution margin per unit
4.
Johnson, Inc. sells golf clubs. The selling price is $100 / club. Variable costs are $30 / club and annual fixed costs are $20,000. What is the contribution margin percentage per club?
Select one:
a. 30%
b. 45%
c. 60%
d. 70%
5.
Johnson, Inc. sells golf clubs. The selling price is $100 / club. Variable costs are $30 / club and annual fixed costs are $20,000. The break-even point in sales dollars is closest to?
Select one:
a. $285
b. $28,500
c. $25,000
d. $35,000
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