Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Vaughns CVP income statement included sales of 4300 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of

2. Vaughns CVP income statement included sales of 4300 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is

$172000.

$62000.

$258000.

$430000.

6. In 2019, Sheffield Corp. sold 3000 units at $800 each. Variable expenses were $600 per unit, and fixed expenses were $270000. The same selling price, variable expenses, and fixed expenses are expected for 2020. What is Sheffields break-even point in units for 2020?

338.

450.

1350.

675.

10. In 2019, Swifty Corporation sold 3000 units at $250 each. Variable expenses were $200 per unit, and fixed expenses were $780000. The same variable expenses per unit and fixed expenses are expected for 2020. If Swifty cuts selling price by 4%, what is Swiftys break-even point in units for 2020?

16250.

19500.

15600.

18750.

Please answer all 3 questions. Thank you!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sound Investing, Chapter 19 - Related-Party Transaction Ruse

Authors: Kate Mooney

1st Edition

0071719415, 9780071719414

More Books

Students also viewed these Accounting questions