34.0'Mall ey Company sells 100,000 units for $13 a unit. Fixed costs are $350,000 and net income is $250 statement0,000. What should be reported as variable expenses in the CvP Income a. $600,000. b. $700,000 c. $950,000. d. $1,050,000. 35.A company has total fixed costs of $240,000 and a contribution margin ratio of 20%. The total sales necessary to break even are a. $960,000. b. $1,200,000 C. $300,000. d. $288,000. $3 and 36.A company sells a product which has a unit sales price of $5, unit variable cost of total fixed costs of $240,000. The number of units the company must sell to break even is a. 120,000 units. b. 48,000 units. c. 480,000 units. d. 80,000 units. Fixed costs are $3,000,000 and the unit contribution margin is $150. What is the break even point? a. $7,500,000 b. $20,000,000 c. 7,500 units d. 20,000 units 37. 38.A company requires $1,700,000 in sales to meet its net income target. Its contribution margin is 30%, and fixed costs are $300,000, what is the target net income? a. $510,000 b. $390,000 c. $700,000 d. $210,000 39.Montoya Manufacturing has fixed costs of $3,000,000 and variable costs are 40% of sales What are the required sales if Montoya desires net income of $300,000? a. $5,500,000 b. $5,000,000 c. $8,250,000 d. $7,500,000 40.Contribution margin is a. the amount of revenue remaining after deducting fixed costs. b. available to cover fixed costs and contribute to income for the c. sales less fixed costs d. unit selling price less unit fixed costs