33) Colin was a professional classical guitarist until a motorcycle accident left him disabled. After long months of therapy, he hired an experienced luthier and star Spanish guitars. The guitars sell for $700 and the fixed monthly operating costs are as follows ted a small shop to make and sell Rent and utilities $1,000 2,500 481 Wages and benefits to luthier Other expenses Colin's accountant told him about contribution margin ratios and he unders every dollar of sales, $0.60 went to cover profit tood clearly that fo his fixed costs, and that anything past that point was pure What is the amount of revenue Colin should earn each month to break even? A) $5,833 D) $6,635 B) $9,952 C) $4,968 34) Jupiter Inc. incurred fixed costs of $300,000. Total costs, both fixed and variable, are $450,000 wher 50,000 units are produced. It sold 35,000 units during the year. Calculate the variable cost per unit. A) $6 B) $3 C) $9 D) $12 35) Which of the following formulae is the right formula for calculating contribution margin ratio? A) Contribution margin ratio Contribution margin - Net sales revenue B) Contribution margin ratio Contribution margin + Net sales revenue C) Contribution margin ratio Contribution margin x Net sales revenue D) Contribution margin ratio Contribution margin+ Net sales revenue 36) Anthony Chemicals Inc. has fixed costs of $30,000 per month. Highest production volume during the year was in January when 100,000 units were produced, 75,000 units were sold, and total costs of $630,000 were incurred. In June, the company produced only 55,000 cost incurred in June? units. What was the total B) $630,000 C) $360,000 D) $830,000 A) $480,000