Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help Question 1 0.9 pts Variable costs are costs that change per unit at every level of activity. True O False Question 2 0.9 pts

help
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 1 0.9 pts Variable costs are costs that change per unit at every level of activity. True O False Question 2 0.9 pts If revenue per unit is $80 and variable cost is 30% of revenue, then contribution margin per unit is $56. True O False Question 3 0.9 pts If activity level increases 50% and a specific cost increases from $200,000 to $300,000, this cost would be classified as a mixed cost None of the above O variable cost O fixed cost. Question 4 0.9 pts If the fixed cost for a company is 50,000, the contribution margin ratio 40%, and actual sales are 140,000. What is the margin of safety in dollars? O $56,667 $15.000 $90,000 O $36,000 Question 5 0.9 pts if total fixed costs are $3,000,000 and variable costs as a percentage of unit selling price are 25%, then the break-even point in dollars is 0 $750,000 O $3,000,000 $12,000,000 O $4,000,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting With QuickBooks Online

Authors: Donna Kay

2nd Edition

1260888061, 9781260888065

More Books

Students also viewed these Accounting questions

Question

Describe the three channel design imperatives.

Answered: 1 week ago

Question

Define Decision making

Answered: 1 week ago

Question

What are the major social responsibilities of business managers ?

Answered: 1 week ago

Question

What are the skills of management ?

Answered: 1 week ago

Question

Why has Negotiating Women, Inc. focused its attention on women?

Answered: 1 week ago