50. Use the high/low method to determine the fixed costs for a product, which has high and low mixed product costs as follows: 50,000 units produced at a cost of $36,000 and 80,000 units produced at a cost of $48,000.

A. $ 6,000

B. $ 8,000

C. $16,000

D. $30,000

51. Kotel Company sells 10,000 units of a product for $40 with variable unit costs of $8 and fixed costs of $80,000. The contribution margin and contribution margin per unit are:

A. $280,000; $28

B. $360,000; $36

C. $150,000; $15

D. $320,000; $32

52. Fixed costs are $135,000, variable costs and price are $10 and $20 respectively. What is the net income on sales of 30,000 units?

A. $165,000

B. $300,000

C. $600,000

D. $200,000

53. The Shields Company produces a product that sells for $7. Variable costs are $2.10 per unit, while fixed costs per period are $28,000. The contribution margin ratio and break-even point in dollars, respectively, are:

A. 70%; $40,000

B. 30%; $40,000

C. 30%; $56,000

D. 70%; $56,000

55. The Billings Corporation produces and sells watches. The selling price is$11 per watch. Fixed costs are $4,000. Variable costs are $10 per watch. What is the break-even point in units?

A. 10,000 units

B. 5,000 units

C. 4,000 units

D. 400 units

56. If fixed costs are $48,000 and the contribution margin ratio is 40% for a product that sells for $20, what is the break-even point in units?

A. 5,000

B. 6,000

C. 8,333

D. 12,000

57. The current sales are $350,000 and break-even units are 10,000 at a price of $25 per unit. What is the margin of safety?

A. $ 25,000

B. $ 50,000

C. $100,000

D. $250,000