Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the following (1) variable expenses = $294.000, (2) unit sales = 10,000, (3) the contribution margin ratio = 25%, and (4) net operating Income

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Assume the following (1) variable expenses = $294.000, (2) unit sales = 10,000, (3) the contribution margin ratio = 25%, and (4) net operating Income = $10,000. Given these four assumptions, which of the following is true? Multiple Choice The colored expenses 573,500 The break even pointes colori 5352.000 The total fixed expenses = $73,500 O The break-even point in sales dollars is $352,000 The total contribution margin = $220,500 The total sales = $367,500 Assume the following (1) Total sales = $180,000 (2) the contribution margin ratio = 40%, and (3) total fixed expenses - $45,000. Given these three assumptions, the margin of safety percentage is! Multiple Choice 5839 O 58.3%. O 62.5% O 37.5%. 150.0% O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Development Of Accounting And Auditing Systems In China

Authors: Xu-Dong Ji

1st Edition

0415792886, 978-0415792882

More Books

Students also viewed these Accounting questions