Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income The dollar sales to break-even is Amount $ 300,000 Per Unit

Assume the following information: Sales Variable expenses Contribution margin Fixed expenses Net operating income The dollar sales to break-even is Amount $ 300,000 Per Unit $ 40 15 112,500 187,500 52,000 $ 25 $ 135,500 Multiple Choice $83.200 $38667 O $135.500 $65,000. Assume the following ( variable expenses $299,000, (2) unit sales-10,000, (3) the contribution margin ratio 35%, and (4) net operating income $10,000. Given these four assumptions, which of the following is true? O Multiple Choice The total contribution margin - $194.350 The variable expense ratio is 86% The total sales $460,000 The total fixed expenses $104,650 Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Selling price Direct materials 16 Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit Per Year $ 200 $ 65 $ 50 $ 8 $ 8 $ 300,000 Using absorption costing, what is the company's net operating income? Multiple Choice $370,000 $390,000 $690,000 $470,000 Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Selling price Direct materials Per Unit Per Year $ 200 $ 82 $ 50 $ 10 $ 300,000 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Using absorption costing, what is the company's unit product cost? Multiple Choice $172 $162 $132 $142 Assume a company with two divisions (A and B) prepared the following segmented income statement: A B Sales Variable expenses $ 300,000 120,000 $ 200,000 Total $ 500,000 120,000 240,000 Contribution margin 180,000 80,000 260,000 Traceable fixed expenses 100,000 90,000 190,000 Segment margin $ 80,000 $ (10,000) 70,000 Common fixed expenses 50,000 $ 20,000 Net operating income Division B's dollar sales to break even is closest to: Multiple Choice $72,619. $275,000. $375,000. $225,000

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

Financing China S Belt And Road Initiative

Authors: XIAO Gang

1st Edition

1032027479, 978-1032027470

More Books

Students also viewed these Accounting questions