Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need these ASAP!! Just the answers!! Question 41 (3 points) Listen Which one of the following statements is true? 1) If the materials price

I need these ASAP!! Just the answers!!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 41 (3 points) Listen Which one of the following statements is true? 1) If the materials price variance is unfavorable, then the materials quantity variance must also be unfavorable. 2) If the materials price variance is unfavorable, then the materials quantity variance must be favorable. 3) Price and quantity variances move in the same direction. If one is favorable, the others will be as well. O 4) There is no correlation of favorable or unfavorable for price and quantity variances. Question 42 (3 points) Listen Using standard costs 1) makes employees less "cost-conscious." 2) provides a basis for evaluating cost control. 3) makes management by exception more difficult. 4) increases clerical costs. Question 43 (7 points) Listen Independence Inc. is planning to sell 900,000 units for $1.50 per unit. The contribution margin ratio is 20%. With break even at this level of sales, what are the fixed costs? 1) $900,000 2) $1,020,000. O3) $630,000 4) $270,000. Question 44 (7 points Listen Dye & Tool Company sells 100,000 units for $13 a unit. Fixed costs are $350,000 and net income is $250,000. What should be reported as variable expenses in the CVP income statement? 1) $950,000. 2) $1,050,000 3) $600,000 4) $700,000 Question 45 (7 points) Listen a Excaliber Industries sells a product with a contribution margin of $12 per unit, fixed costs of $223,200, and sales for the current year of $300,000. How much is Excaliber's break-even point? 1) 13,800 units 2) 18,600 units 3) 6,400 units O4) $76,800

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

Step: 3

blur-text-image

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

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

More Books

Students also viewed these Accounting questions

Question

Explain all drawbacks of application procedure.

Answered: 1 week ago

Question

When is it appropriate to show grace toward others?

Answered: 1 week ago