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