Question
Answer the following question(s) using the information below. Burger Bob's Boathouse sells only one product. 7,000 units were sold In year resulting in $70,000 of
Answer the following question(s) using the information below.
Burger Bob's Boathouse sells only one product. 7,000 units were sold In year resulting in $70,000 of sales revenue. Variable costs were $28,000 for the year, and fixed costs were $12,000.
4.Contribution margin per unit is
a.$4.00
b.$4.29
c.$6.00
d.$10.00
e.$5.71
5.Break-even point in volume is
a.2,000 units.
b.3,000 units.
c.5,000 units.
d.7,000 units.
e.2,797 units.
6.The number of units required to be sold to achieve $60,000 of operating profit is
a.10,000 units.
b.11,666 units.
c.15,000 units.
d.18,000 units.
e.12,000 units.
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