Booble, Inc. has a contribution margin ratio of 61%. This month, sales revenue was $225,000, and profit was $53,300. How much are Booble's fixed costs?

Multiple Choice

• $83,950

• $68,625

• $32,513

• $137,250

Jasper Enterprises had the following cost and production information for April:

Units Produced				20,000
Units Sold				17,000
Unit Sales Price			$	200
Manufacturing Cost Per Unit
Direct Material			$	50
Direct Labor			$	25
Variable Manufacturing Overhead			$	10
Fixed Manufacturing Overhead	($400,000/20,000)	=	$	20
Full Manufacturing Cost Per Unit			$	105
Nonmanufacturing Costs
Variable Selling Expenses			$	80,000
Fixed General and Administrative Costs			$	75,000

How much greater will Jasper Enterprises' income be under absorption costing than under variable costing?

Multiple Choice

• $315,000

• $340,000

• $400,000

• $60,000