Question
49. As part of a multi-part cost-volume profit analysis problem, this item draws upon a set of data. For the forthcoming year, Horngran Manufacturing estimates
49. As part of a multi-part cost-volume profit analysis problem, this item draws upon a set of data. For the forthcoming year, Horngran Manufacturing estimates sales of $80,000. The firm has a per unit sales price of $20. Variable costs for the firm are $14 per unit. The total fixed costs for the firm equal $12,000. What is the percentage margin of safety for the firm?
Group of answer choices
20%
50%
25%
40%
10%
50. As part of a multi-part cost-volume profit analysis problem, this item draws upon a set of data. For the forthcoming year, Horngran Manufacturing estimates sales of $80,000. The firm has a per unit sales price of $20. Variable costs for the firm are $14 per unit. The total fixed costs for the firm equal $12,000. What are the sales in units required to earn a $24,000 profit?
Group of answer choices
24,000 units
16,000 units
6,000 units
2000 units
4000 units
51. As part of a multi-part cost-volume profit analysis problem, this item draws upon a set of data. For the forthcoming year, Horngran Manufacturing estimates sales of $80,000. The firm has a per unit sales price of $20. Variable costs for the firm are $14 per unit. The total fixed costs for the firm equal $12,000. What are the additional sales (meaning incremental sales only) needed to exactly cover the cost of a $60,000 increase in advertising?
Group of answer choices
2000 units
10,000 units
9,000 units
20,000 units
30,000 units
52. As part of a multi-part cost-volume profit analysis problem, this item draws upon a set of data. For the forthcoming year, Horngran Manufacturing estimates sales of $80,000. The firm has a per unit sales price of $20. Variable costs for the firm are $14 per unit. The total fixed costs for the firm equal $12,000. What is the required selling price in dollars per unit necessary to achieve break-even (with no profit or changes in cost assumed) assuming that 4800 units are sold?
Group of answer choices
$16.50 per unit
$12.00 per unit
$6.00 per unit
some other amount other than those listed here
$14.50 per unit
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
