22. Contribution margin is the amount of revenue remaining after deducting

a. cost of goods sold.

b. fixed costs.

c. variable costs.

d. contra-revenue.

23. Moonwalkers CVP income statement included sales of 5,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110,000. Net income is

a. $500,000.

b. $200,000.

c. $190,000.

d. $90,000.

24. Woolfords CVP income statement included sales of 5,000 units, a selling price of $50, variable expenses of $30 per unit, and net income of $25,000. Fixed expenses are

a. $75,000.

b. $100,000.

c. $150,000.

d. $250,000.

25. In 2016, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. The same selling price, variable expenses, and fixed expenses are expected for 2017. What is Tellers break-even point in sales dollars for 2017?

a. $900,000

b. $2,700,000

c. $1,800,000

d. $2,571,429