23. What ratio indicates the percentage of each sales dollar that is available to cover fixed costs and to provide a profit? (Points : 15) Margin of safety ratio Contribution margin ratio Costs and expenses ratio Profit ratio 24. If sales are $820,000, variable costs are $524,800, and operating income is $260,000, what is the contribution margin ratio? (Points : 15) 53.1% 33% 64% 36% 25. If fixed costs are $39,600, the unit selling price is $42, and the variable costs are $24, what is the break-even sales (dollars)? (Points : 15) $52,800 $92,400 $132,000 $124,000 26. The standard costs and actual costs for direct materials for the manufacture of 2,500 actual units of product are as follows: Standard Costs Direct materials (per completed unit) 1.04 kilograms @$8.75 Actual Costs Direct materials 2,500 kilograms @ $8 The amount of direct materials price variance is: (Points : 15) $1,875 unfavorable $1,950 favorable $1,875 favorable $1,950 unfavorable 27. The point where the profit line intersects the left vertical axis on the profit-volume chart represents: (Points : 15) the maximum possible operating loss the maximum possible operating income the total fixed costs the break-even point 28. If fixed costs are $39,600, the unit selling price is $42, and the variable costs are $24, what is the break-even sales (dollars)? (Points : 15) $52,800 $92,400 $132,000 $124,000 29. If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales required to realize an operating income of $200,000? (Points : 15) 14,166 units 12,500 units 16,000 units 11,538 units 30. Bailey Company sells 25,000 units at $15 per unit. Variable costs are $8 per unit, and fixed costs are $35,000. The contribution margin ratio and the unit contribution margin, (rounding to two decimal points) are: (Points : 15) 47% and $7 per unit 53% and $7 per unit 47% and $8 per unit 53% and $8 per unit 31. If fixed costs are $561,000 and the unit contribution margin is $8.00, what is the break-even point in units if variable costs are decreased by $.50 a unit? (Points : 15) 66,000 70,125 74,800 60,000