Question
Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 31%, and (4) net operating income =
Assume the following (1) sales = $200,000, (2) unit sales = 10,000, (3) the contribution margin ratio = 31%, and (4) net operating income = $10,000. Given these four assumptions, which of the following is true?
Multiple Choice
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The total variable expenses = $62,000
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The break-even point is 8,684 units
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The total contribution margin = $138,000
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The total fixed expenses = $52,000
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
