Answered step by step
Verified Expert Solution
Question
1 Approved Answer
12. Assume the following information: Selling price per unit Contribution margin ratio Total fixed costs How many units must be sold to generate a before-ax
12. Assume the following information: Selling price per unit Contribution margin ratio Total fixed costs How many units must be sold to generate a before-ax profit d a. 4,000 units b. 2,750 units c. 3,570 units d. 3,750 units 13. Jamie Quinn, a sole proprietor, has the following projected figutes Selling price per unit Contribution margin per unit Total fixed costs What is the break-even point in dollars? a. $426,000 b. $900,000 c. $189,000 d. $2,100,000 14. Nonesuch Company sells only one product at a regular price of $7 so 7.50 Variable expenses are 60 percent of sales and fixed expenses are $30 0 Per uni sales. What is the contribution margin ratio when the selling price is reduced to has decided to decrease the selling price to $6.00 in hopes of increasing it vol of a, 40% b. 25% c. 7596 d.6096 X and Y, which account for 60 percent percent, respectively. of total sales dollars. Contribution margin ratios are 50 percent for dollan? t for Y. Total fixed costs are S120,00. Wniat is Patricias brealk-even point in sule in dollars? a. $328,767 b. $300,000 c.$342,856
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started