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Can you please check these homework questions for me. Thanks, The break-even point in a cost-volume-profit graph is always found: At 50% of full capacity.
Can you please check these homework questions for me.
Thanks,
The break-even point in a cost-volume-profit graph is always found: At 50% of full capacity. At the sales volume resulting in the lowest average unit cost. At the volume at which total revenue equals total variable costs. At the volume at which total revenue equals total fixed costs plus total variable costs. In cost-volume-profit analysis, income tax expense: Is included among the monthly operating expenses as a variable cost. Is considered a fixed cost of doing business. Is treated as a semi-variable cost that is partially dependent upon sales volume. Is generally ignored. Within the relevant range, fixed costs: Fall as sales volume falls. Rise as sales volume rises. Rise as sales volume falls. Remain steady when sales volume changes. A fixed cost may include all of the following except: Rent for the warehouse. Annual salary of the CEO. Depreciation. Sales commission expense. The contribution margin ratio is expressed as: A percentage of revenue. A total dollar amount for the period. A contribution margin per unit. Total contribution margin amount. If the unit sales price is $12, variable costs are $6 per unit and fixed costs are $26,000 what is the contribution margin ratio per unit? 40%. 50%. 60%. 70%. Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable costs amount to $68 per unit. The fixed costs are $16,500 per month. 0 Refer to the information above. What is the contribution margin ratio of Mitchell's product? 65%. 80%. 72%. 20%. 0 Refer to the information above. What is the monthly sales volume in dollars necessary to break-even? $82,500. $66,500. $97,059. $77,500. 0 Refer to the information above. How many units must be sold each month to earn a monthly operating income of $8,000? (Round your final answer to the next whole number.) 971 units. 1,442 units. 122,500 units. 353 units. 0 Refer to the information above. What will be the monthly margin of safety (in dollars) if 1,800 units are sold each month? $82,500. $70,500. $12,000. $16,500. 0 Refer to the information above. What will be Mitchell's monthly operating income if 1,800 units are sold each month? $153,000. $136,500. $30,600. $14,100
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