24. Most Valuable Professor Mullen Company sells MP3 players for (SP) S60 each. Variable costs (V/C) are $40 per unit, and fixed costs (F/C) total $60,000. How man MP3 plavers must MVP Mullen sell to earn net income (NI or TP) or $140.0002 A) 10,000 B) 3,500. C) 2,500. D) 3,000 25 Best French Wine Ever Made By Professor Mullen Winery has fixed costs (F/C) of S12.000 per year. Its warehouse sells wine with variable costs (V/C) of 80% of its unit selling price. How much in sales (BEP SS) does Best French Wine Ever Made By Professor Mullen need to break even per year? A) $9,600 B) $2,400 C) $15,000 D) $60,000 26. A company requires $1,700,000 in total budgeted sales (SP) to meet its net income target. Its contribution margin (CM) is 30%, and fixed costs (F/C) are $300,000. What is the target net income (TP or NI)? A) $510,000 B) $390,000 C) $700,000 D) $210,000 27. The Best Professor of Accounting at City College of San Francisco, Inc. wants to sell a sufficient quantity of products to earn a profit (TP or NI) of S60,000. If the unit sales price (SP) is $10, unit variable cost (V/C) is $8, and total fixed costs (F/C) are S120,000, how many units must be sold (BEP SS with TP) to earn income of $60,000? (Hint: TP = $60,000) A) 90,000 units B) 60,000 units C) 22,500 units D) 900,000 units 28. Most Ingenious Games and Toys Made by the Absolute Brilliant Profes Inc has actual sales (SP) of $400.000 and a break-even point (BEP SS Sales) of How much is its margin of safety ratio (MS %)? (Hint: compute Margin of Safety in SS, then compute MS %) A) 30% B) 70% C) 143% D) 43%