Question
1)A company sells a product which has a unit sales price of $70, unit variable cost of $43 and total fixed costs of $405,000. The
1)A company sells a product which has a unit sales price of $70, unit variable cost of $43 and total fixed costs of $405,000. The number of units the company must sell to break even is
2)A company desires to sell a sufficient quantity of products to earn a profit of $270,000. If the unit sales price is $70, unit variable cost is $43, and total fixed costs are $405,000, how many units must be sold to earn net income of $270,000?
3)
The following information is available for Barkley Company: Sales $800,000 Total fixed expenses $200,000 Cost of goods sold 520,000 Total variable expenses 480,000 A CVP income statement would report
A. | gross profit of $280,000. | |
B. | contribution margin of $320,000. | |
C. | contribution margin of $280,000. | |
D. | gross profit of $120,000.
4)The following monthly data are available for Tugg, Inc. which produces only one product: Selling price per unit, $42; Unit variable expenses, $14; Total fixed expenses, $42,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June? |
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