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Allowed 4 mc questions thank you!

96. Ferguson Co. incurs $568,000 in fixed costs while producing three products with the following characteristics: Contribution Contribution Ratio Sales MixUnit Product (Units) Margin Margin 3 2 $900 600 400 40% 35% At the breakeven point, what is the dollar sales volume for Product Q? a) $800,000 b) $360,000 c) $288,000 d) $120,000 Answer: b Difficulty: Medium Learning Objective: Apply CVP calculations for multiple products CPA: Management Accounting Bloomcode: Application 94. Ferguson Co. incurs $568,000 in fixed costs while producing three products with the following characteristics ContributionContribution Ratio Sales Mix Unit Product (Units) Margin Margin $900 600 400 40% 35% 2 What is the selling price of Product T? a) $1,200 b) $1,143 c) $2,000 d) $1,500 Answer: c Difficulty: Easy Learning Objective: Apply CVP calculations for multiple products CPA: Management Accounting Bloomcode: Application