6 (3 points) Gem Co. sells a single product for $30 per unit. The company's fixed costs total $90,000 per year, and variable costs are $18 per unit. Compute the company's break-even point. Only one option below is correct. Note that some answers reflect units and others dollars($). Question 6 options: $150,000 3,000 units 5,000 units $225,000 $7,500 Question 7 (3 points) X Co. computes net income under both the absorption and variable (direct) costing approaches. For a given year, the variable costing net income was in excess of the absorption costing net income. This fact suggests that: Question 7 options: More units were produced during the year than were sold. The units in ending finished goods inventory increased. The units in ending finished goods inventory decreased. The company must have made an error as this result is not possible. Variable manufacturing costs were less than fixed manufacturing costs. Question 8 (3 points) Jill Corp. has fixed costs of $100,000 and will breakeven at a sales level of $800,000. How much profit is expected at a sales level of $1,200,000? Question 8 options: $50,000 $400,000 $200,000 $150,000 $500,000 Question 9 (3 points) Which of the following is a correct statement regarding Product Costs? Question 9 options: They appear on the income statement as deductions from gross margin. They are deducted from revenue when the production process is completed. They appear on the income statement as a deduction from sales revenue. They are also called period costs. These costs associated with unsold finished goods and work in process appear on the balance sheet as inventory. Question 10 (3 points) Which of the following statements is correct? Question 10 options: Depreciation for office equipment in the sales office is treated as a product cost for a manufacturing firm. Advertising costs are viewed as a product cost since they are expended directly in promoting specific goods. The cost of goods manufactured [COGM] figure appears on the income statement of a manufacturing company within the cost of goods sold section (computation). A fixed cost is assumed to be constant per unit of product