Question
1.Awtis Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $322,800 and the variable expenses are
1.Awtis Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $322,800 and the variable expenses are 45% of sales. Given this information, the actual profit is:
Multiple Choice
- $86,080
- $59,180
- $16,140
- $44,385
2.Data concerning Bedwell Enterprises Corporation's single product appear below:
Selling price per unit$230.00 Variable expenses per unit$98.50 Fixed expense per month$451,190
The unit sales to attain the company's monthly target profit of $33,000is closest to:(Do not round intermediate calculations.)
- 3,431
- 2,105
- 4,916
- 3,682
3.Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November.
Sales (6,400 units)$403,200 Variable expenses275,200 Contribution margin128,000 Fixed expenses103,500 Net operating income$24,500
If the company sells 6,300 units, its net operating income should be closest to:(Do not round intermediate calculations.)
Garrison 16e Rechecks 2018-06-19
Multiple Choice
- $23,979
- $22,500
- $24,500
- $20,000
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