Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4The records of the Dodge Corporation show the following results for the most recent year at a f4. level of 16,000 units of sales: Total

image text in transcribed
4The records of the Dodge Corporation show the following results for the most recent year at a f4. level of 16,000 units of sales: Total Sales (16,000 units) $256,000 Total Variable expenses $160,000 Net operating income $32,000 Given these data, the unit contribution margin was: A. $16 B. $4 ?. $2 D. $6 15. Minist Corporation sells a single product for $15 per unit. Last year, the company's sales revenue was $225,000 and its net operating income (sales-variable costs-fixed costs) was $18,000. If fixed expenses totaled $72,000 for the year, the break-even point in units was: A. 15,000 B. 9,900 C. 14,100 D. 12,000 Last year Easton Corporation reported sales of $720,000, a total contribution margin ratio (CTotal Sales-Total Variable Costs)/Total Sales) of 30%. The company also posted a net loss of $24,000. Based on this information, the break-even point in sales dollars was: A. $640,000 B. $880,000 C. $744,000 D. $800,000 16. Holdt Inc. produces and sells a single product. The selling price of the product is $230.00 per unit and its variable cost is $66.70 per unit. The fixed expense is $212,290 per month. The break-even 17. in monthly units is closest to: A. 1,300 B. 3,183 C. 1,802 D. 923 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing And Financial Management Federal Information System Controls Audit Manual

Authors: U.S. Government Accountability Office

1st Edition

1289168172, 978-1289168179

More Books

Students also viewed these Accounting questions

Question

2. What is the business value of security and control?

Answered: 1 week ago