At its $35 selling price, Atlantic Company has sales of $17,500, variable manufacturing costs of $6,000, fixed manufacturing costs of $1,000 variable selling and administrative costs of $3,000 and fixed selling and administrative costs of $2,000. What is the company's contribution margin per unit? Multiple Choice o o o C During its first year of operations, Silverman Company paid $10,385 for direct materials and $11,400 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,400 while general, selling, and administrative expenses totaled $3,100. The company produced 7,850 units and sold 4,900 units at a price of $6.60 a unit. What is Silverman's cost of goods sold for the year? Multiple Choice $24,885 o o Which of the following statements is correct regarding the decision on whether or not to replace an old equipment? Multiple Choice C ) The operating expense of the old equipment is relevant to the replacement decision O The old equipment should be evaluated for possible replacement only as it nears the end of its useful life. O The market value of the old equipment is a sunk cost and should not be taken into account in deciding whether or not to replace O O The book value of the old equipment is one of the most important factors to consider in deciding to replace it. Select the correct statement regarding relevant costs and revenues. Multiple Choice Relevant costs are only those that are based on past experience. Relevant costs are also known as unavoidable costs. Relevant revenues must differ between the alternatives. All of the above