Goodnight please work these questions for me with step- by step results

All Questions | 9 Correct | 16 Incorrect Question 1 of 25 The margin of safety for a product is $40,000. The breakeven point is $440,000 and the variable cost ratio is 25%. Calculate the net income: You chose: D. A. $30,000 B. $40,000 C. $70,000 X D. $100,000Question 4 of 25 The break-even point occurs on the CVP graph where: You chose: A. X A. total profit equals total expenses B. total profit equals total fixed expenses C. total contribution margin equals total fixed expenses D. total variable expenses equal total contribution marginQuestion 6 of 25 The Hair Salon on Anchovy Avenue had the following activities in the month of December 2014: 1,800 shampoos at an average price of $20. Fixed cost was $12,000 and variable cost was 75% of sales. The break-even point in units is: You chose: D. This question displayed answers in random order during the test. A. 2,400 units B. 1,200 units C. 800 units X D. 600 unitsQuestion 7 of 25 Delish Delights produces scrumptious meals for the employees of a school next door. The cost per unit to make 60 units is outlined below: . Direct material $80 Variable production overhead $100 . Direct labour $150 Fixed manufacturing overhead $120 The company has the capacity to produce 70 lunches and the meals are usually sold for $600 per unit. A customer has orders 5 meals and is willing to pay $550. If the special order is accepted, what effect would it have on the operating income? You chose: B. A. $1,100 X B. $2,750 C. $2,250 D. $3,300Question 10 of 25 The selling price of an item is $45, if the variable cost per unit decreases, the sales volume at the breakeven point will: You chose: A. This question displayed answers in random order during the test. X A. increase B. decrease C. remains unchanged D. contribution per unit will decreaseQuestion 11 of 25 Wisynco Limited produces three products: Rim, ram and rap. The following information is related to the products: Rim Ram Rap Selling price 400 300 280 Variable costs 160 120 200 Machine hours per unit 20 30 10 Only 40,000 machine hours are available and fixed cost for the period is $3,600,000. Rank the products in the order based on priority. You chose: C. A. Rim, Rap and Ram B. Ram, Rap and Rim X C. Rim, Ram and Rap D. Rap, Rim and RamQuestion 12 of 25 Apple Banana Selling price per unit $60 $35 Variable cost per unit $20 $15 The firm is anticipating that 80% of its sales (in units) to be apples. Fixed costs are expected to be $180,000. What is the breakeven point in units for apple? You chose: C. This question displayed answers in random order during the test. A. 3,000 units B. 4,000 units X c. 4,500 units D. 5,000 unitsQuestion 13 of 25 If contribution margin percentage is 30%, selling price is $5,000, then contribution margin per unit will be You chose: C. A. $1,500 B. $1,600 X C. $3,500 D. $6,500Question 15 of 25 The makers of ice-cream cakes produce 30,000 units per year. The manufacturing cost of the components was determined to be as follows: . Direct materials $75,000 Variable manufacturing overhead $45,000 . Direct labour $120,000 Fixed manufacturing overhead $60,000 A supplier has offered to produce the ice-cream cakes for $8.50. Assuming that the company can avoid $30,000 of its fixed manufacturing overhead if it outsources them, calculate the effect on income: You chose: D. This question displayed answers in random order during the test. A. $15,000 increase B. $30,000 increase C. $25,000 decrease X D. $35,000 increaseQuestion 16 of 25 Relevant coats are: You chose: E. This question displayed answers in random order during the teat. A. all xed and variable cost X B. all coats that 1would he incurred within the relevant range of production G. past costs that are expected to he different in the future D. future costs that differ among the various alternatives Question 17 of 25 Grasso Ltd. Produced 7,500 peach cobbler for thanksgiving. The unit cost to manufacture the pie is as follows: . Direct material $3 Variable production overhead $2 . Direct labour $4 Fixed manufacturing overhead $8 An external supplier has offered to sell Grasso 7,500 units of peach cobbler pies for $14 per unit. Grosso has determined that 75% of the fixed manufacturing overhead will continue even if the part is purchased externally. Calculate the relevant cost of one unit: You chose: C. This question displayed answers in random order during the test. A. $127,500 B. $112,500 X C. $82,500 D. $67,500Question 20 of 25 The makers of ice-cream cakes produce 30,000 units per year. The manufacturing cost of the components was determined to be as follows: . Direct materials $75,000 Variable manufacturing overhead $45,000 . Direct labour $120,000 Fixed manufacturing overhead $60,000 A supplier has offered to produce the ice-cream cakes for $8.50. If management decides to outsource them, what effect would that have on the profitability of the entity? You chose: D. This question displayed answers in random order during the test. A. $15,000 decrease B. $15,000 increase C. $45,000 decrease X D. $45,000 increaseQuestion 21 of 25 If the fixed production cost of an item increases, the breakeven point in units will: You chose: B. This question displayed answers in random order during the test. A. increase X B. decrease C. remains unchanged D. contribution per unit will decreaseQuestion 22 of 25 Which of the following is not a key assumption of cost-volume-profit analysis? You chose: C. A. Costs must be fixed B. Production and sales are equal X C. Changes in total cost are strictly due to changes in activity D. Total costs and revenues can be depicted with a straight line Points: 0 / 1Question 24 of 25 The selling price per unit of an item is $500. Variable manufacturing overhead and selling cost are $150 and $100 respectively. The fixed manufacturing and selling cost per unit are $180 and $40 respectively. The company is anticipating production and sales to be 2,000 units: Calculate the margin of safety: You chose: B. This question displayed answers in random order during the test. A. 240 units X B. 880 units C. 1,760 units D. 2,000 unitsQuestion 25 of 25 The management of Holus Foods is planning to run an advertisement in the local newspaper. Consequently, the company will not be able to promote one of its vegan conditioner which would have generated a contribution of $45,000. How would you describe this cost? You chose: D. A. Marginal B. Opportunity C. Direct X D. Sunk