Easton Bakery makes bread. Results for the months of January and February were as follows:

JanuaryFebruary Number of loaves of bread produced and sold5 million 4 million $ Millions $ Millions Sales revenue$2.50$2.00Flour & other ingredients$1.25$1.00Direct labour0.500.40Production overhead0.500.45General & administrative overhead0.100.10Total cost$2.35$1.95Operating profit$0.15$0.05

Use this information to answer the questions that follow.

Question 19 (2 points)

Saved

The contribution margin per million loaves of bread is __________.

Question 19 options:

none of the other options $0.40 million $0.50 million $0.10 million $0.20 million

Question 20 (2 points)

The total fixed cost is __________.

Question 20 options:

$0.25 $0.50 none of the other options $0.35 $0.10

Question 21 (2 points)

The break-even point in millions of loaves of bread is __________.

Question 21 options:

4 none of the other options 5 3.5 1

Question 22 (2 points)

Saved

If Easton Bakery sells 10 million loaves of bread, its expected operating profit would be __________.

Question 22 options:

$0.65 million $0.30 million $0.60 million none of the other options $0.50 million

Question 23 (2 points)

Saved

To make a profit of $0.25 million, Easton Bakery would have to sell how many loaves?

Question 23 options:

5.0 million none of the other options 7.0 million 5.5 million 6.0 million