Question
19). The Talent Company has a contribution margin (CM) per unit of $30 and a contribution-margin-(CM) ratio-of 60%. How much-is-the selling or sales price each
19). The Talent Company has a contribution margin (CM) per unit of $30 and a contribution-margin-(CM) ratio-of 60%. How much-is-the selling or sales price each unit?
A) $50
B) $75
C) $18
D) Cannot be determined without more information.
20). At the break-even point (BEP) of 2,000 units, variable costs (V/C) are $55,000, and fixed costs (F/C) are $34,000. How much is the selling price (SP) per unit?
A) $44.50
B) $10.50
C) $17.00
D) Not enough information
21). A company has total fixed costs (F/C) of $160,000 and a contribution margin (CM) ratio of 20%. The total sales necessary to break even (BEP $$) are how much?
A) $640,000.
B) $800,000.
C) $200,000.
D) $192,000.
22). A company sells a product which has a unit sales price (SP) of $5, unit variable cost (V/C) of $3 and total fixed costs (F/C) of $150,000. The number of units the company must sell to break even is (BEP units)
A) 75,000 units.
B) 30,000 units.
C) 300,000 units.
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