answer all

MULTIPLE CHOICE Choose the one alternative that best completes the statement or answers the question. 1) Which of the following costs change in total in direct proportion to a change in volume? A) variable costs 1) B) period costs 9 fixed costs D) mixed costs 2) A 15% increase in production volume will result in a A) 15% increase in total mixed costs 9 15% increase in total variable costs 2) B) 15% increase in the variable cost per unit D) 15% increase in total administration costs 3) Mcleod, Inc. incurred fixed costs of $300.000. Total costs, both fixed and variable, are $500,000 when 59,000 units are produced. It sold 35,000 units during the year. Calculate the variable cost per unit. (Round your answer to the nearest cent.) A) $5.08 3) 9 $14.29 B) $3.39 D) $8.47 4) Carrabelle Company has provided the following information Sales price per unit Variable cost per unit $56 12 Fixed costs per month $12,000 Calculate the contribution margin ratio. (Round your answer to two decimal places.) A) 78.57% B) 82.35% 964.71% D) 21.43% 5) Choice Creations, Inc. sells hand sewn shirts at $58.00 per shirt. It incurs monthly fixed costs of $8000. The contribution margin ratio is calculated to be 30 %. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.) A) $58.00 per shirt B) $40.60 per shirt 9 $75.40 per shirt D) $17.40 per shirt 6) Which of the following is a period cost? A) direct materials cost administrative cost B) manufacturing overhead D) direct labor cost 7) Robusta Coffee Importers sold 7000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8000. What is the operating income earned in 7) October? 9 $175,000 B) $167,000 D) $315,000 A) $140,000 8) Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed costs are $8500. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20 %, how many additional units must it sell? (Round any intermediate calculations to two decimal places and your final answer up to the nearest whole unit.) A) 130,500 glass vases 95182 glass vases B) 34,182 glass vases D) 8500 glass vases