7. A manufacturer of cedar shingles has supplied the following data: Bundles of cedar shakes produced and sold 360,000 Sales revenue $ 2,412,000 Variable manufacturing expense $ 1,170,000 Fixed manufacturing expense $ 714,000 Variable selling and administrative expense $ 414,000 Fixed selling and administrative expense $ 82,000 Net operating income $ 32,000 The company's contribution margin ratio is closest to: A. 72.6% B. 65.7% C. 34.3% D. 27.4% 8. Nussbaum Corporation has provided the following contribution format income statement Sales (9,000 units) $ 180,000 Variable expenses 117,000 Contribution margin 63,000 Fixed expenses 56,700 Net operating income $ 6,300 The Break-Even in dollar sales is closest to: A. $162,000 B. $117.000 C 30 D. $173,700 9. Heresy Inc. produces and sells a single product. The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fixed expense is $300,000 per month The break-even in monthly unit sales is closest to: A. 2,500 B. 1,500 C 3.750 D. 2.250 10. A $2.00 increase in a product's variable expense per unit accompanied by a $2.00 increase in its selling price per unit will the A. Increase the contribution margin dollars B. Decrease the contribution margin dollars C. Have not effect on the break-even volume D. Have no effect on the contribution margin ratio 11. Speckman Enterprises, Inc., produces and sells a single product whose selling price is $200.00 per unit and whose variable expense is $68.00 per unit. The company's monthly fixed expense is $514,800. Assume the company's target profit is $11,000. The unit sales to attain that target profit is closest to: A. 2,629 units B. 3,983 units C. 4,781 units D. 7,732 units