68. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y $25x; the equation of the solid line is y $200 $5x. 600 $500 400 $300 200 $100 The solid line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: C Difficulty: Easy Learning Objective: Apply CVP calculations for a single CPA: Management Accounting 69. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y = $25: the equation of the solid line is y $200 $5x 400 $200 $100 The dashed line represents: a) Total variable costs b) Total fixed costs c) Total costs d) Total revenues Answer: d 70. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y$25x, the equation of the solid line is y $200 $5x. $200 $100 0 The point where the dashed line intersects the solid line is the: a) Variable cost per unit b) Breakeven point c) Unit contribution margin d) None of the above Answer: b Difficulty: Easy Learning Objective: Apply CVP calculations for a single 71. Data extracted from the accounting information system of Turner Corporation produced the following graph. The equation of the dashed line is y$25x; the equation of the solid line is y$200 $5x 600 $500 300 $100 The horizontal (x") axis shows: a) Fixed costs b) Revenues c) Units d) Variable costs Answer: c