5. Long-term investments increased from the beginning of the year to the end of the year by $25. During the year an investment with an original cost of $8 was sold for $5 gain. These actions decreased cash in operating by $5 and decreased cash in investing activities by $20. a. True b. False 6. Steven Co. has fixed costs of $160,000. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. The sales for X were 6,000 units and Y were 4,000 units. For break-even analysis, the unit contribution margin of the mix was a. $68 b. $110 c. $80 7. Miller and Sons' static budget for 10,000 units of production includes $50,000 for direct materials, $44,000 for direct labor, variable utilities of $5,000, and supervisor salaries of $24,000. A flexible budget for 12,000 units of production would show a. direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $24,000 b. the same cost structure in total c. direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $29,000 d. total variable costs of $148,000 8. On the statement of cash flows, the cash flows from operating activities section would include a. repayments of long-term loan amounts b. payment for interest on short-term notes payable c. payments for cash dividends d. receipts from the issuance of common stock 9. If fixed costs are $450,000, the unit selling price is $75, and the unit variable costs are $50, the old and new break-even sales (units), respectively, if the unit selling price increases by $10 are a. 9,000 units and 15,000 units b. 18,000 units and 6,000 units c. 6,000 units and 5,294 units d. 18,000 units and 12,858 units 10. Which of the following is NOT correct? a. Sale of building originally costing $60,000 for the same price of $60,000 increases cash in Operating for $60,000. b. Purchase of long-term investments for $76,500 decreases cash in Investing for $76,500 c. Depreciation of $20,000 increases cash in Operating for $20,000 d. Increase in Prepaid Rrat of \$4,500 decreases cash in Operating for \$4,500