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52. Which of the following is false regarding the CVP (contribution margin) income statements? a) It separates costs by variable costs and fixed costs b) It organizes costs based on behavior c) It shows the contribution margin d) It shows the gross profit 53. Which is not an example of manufacturing overhead? a) Factory depreciation b) Indirect material c) Maintenance and repairs on production equipment d) Direct labor 54. Classify these costs as either variable or fixed in order from first to last: (1) Property taxes (2) Direct labor (3) Sales commissions (4) Advertising a) Variable; variable; fixed; fixed b) Fixed; variable; fixed; fixed c) Fixed; variable; variable; fixed d) Fixed; variable; fixed; variable 55. Which would be classified as manufacturing costs? a) Direct materials, shipping costs, and direct labor b) Direct labor, shipping costs, and manufacturing overhead c) Direct material, direct labor, and advertising costs d) Direct material, direct labor, and manufacturing overhead 5+ Marco & Polo Co. Manufacture swimsuits. Original data for the most recent period is as follows: Contribution margin per unit: $12.00 Selling price per unit: $20.00 Total fixed costs: $17,000 Marco & Polo Co. have set a target profit of $13,000 for the next period. How many swimsuits (units) do they need to sell to achieve their target profit? a) 1,500 swimsuits b) 3,750 swimsuits c) 2,500 swimsuits d) 1,417 swimsuits 57. Luigi & Company is preparing a sales budget for the first quarter. They have estimated sales in units for each of the three months as follows: January 8,000 units February 5,000 units March 6,000 units The company estimates the selling price for their products to be $67per unit for the quarter. What are budgeted sales in dollars for the quarter? a) $19,000 b) $536,000 c) $871,000 d) $1,273,000