If a company sells a single product and has budgeted sales of $2.4 million, along with budgeted fixed costs of $360,000, and a margin of safety of $400,000, what is the expected budgeted variable cost for the product? Select one: d. $1.728 million b. $1.968 million c. $2.040 million d. $1.640 million If the sales price per unit is $180, variable cost per unit is $96, targeted net income is $126,000, and total fixed costs are $42,000, the number of units that must be sold to achieve the desired profit is: Select one: a. 2,000 b. 1,500 c. 500 d. 1,000 The objectives of budgeting relate to which of the following? (1) Communication (2) Planning (3) Controlling (4) Volume Select one: a. 1,2,3 and 4 b. 2 and 3 c. 1. 2 and 3 d. 2,3 and 4 Which of the following relates to the breakeven point? (i) Contribution margin equals total fixed cost. (ii) Revenue equals expenses. (iii) Net income equals zero. Select one: a. (i), (ii) and (iii) b. (i) and (ii) only c. (ii) and (iii) only d. (i) and (iii) only