Burger Bob's Boathouse sells only one product. 7,000 units were sold In year resulting in $70,000 of sales revenue. Variable costs were $28,000 for the year, and fixed costs were $12,000. Break-even point in volume is:

Select one:

a. 7,000 units

b. 2,797 units

c. 2,000 units

d. 3,000 units

How many units would have to be sold to yield a target operating income of $22,000, assuming variable costs are $15 per unit, total fixed costs are $2,000, and the unit selling price is $20?

Select one:

a. 4,000 units

b. 4,400 units

c. 1,600 units

d. 4,800 units

Delta Merchandising, Inc., has provided the following information for the year just ended:

Net sales $128,500

Beginning inventory $24,000

Purchases $80,000

Gross margin $38,550

What was the ending inventory for the company at year-end?

Select one:

a. $14,050.

b. $24,500.

c. $65,450.

d. $9,950.

Gabel Inc. is a merchandising company. Last month, the company's merchandise purchases totalled $63,000. The company's beginning merchandise inventory was $13,000, and its ending merchandise inventory was $15,000. What was the company's cost of goods sold for the month?

Select one:

a.$61,000.

b. $91,000.

c. $65,000.

d. $63,000.

Last month, when 10,000 units of a product were manufactured, the cost per unit was $60. At this level of activity, variable costs were 50% of total unit costs. If 10,500 units are manufactured next month and cost behaviour patterns remain unchanged, how will costs be affected?

Select one:

a. Fixed costs will increase in total.

b.

Variable cost per unit will increase.

c. Total variable costs will remain unchanged.

d. Total cost per unit will decrease.

Within the relevant range, what is the difference between variable costs and fixed costs?

Select one:

a. Total variable costs and total fixed costs are constant.

b. Variable costs per unit are constant and fixed costs per unit fluctuate.

c. Total variable costs and total fixed costs fluctuate.

d. Variable costs per unit fluctuate and fixed costs per unit remain constant.