Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If direct materials cost per unit increases, the break-even point will increase Group of answer choices True False Flag question: Question 11 Question 112.5 pts

If direct materials cost per unit increases, the break-even point will increase

Group of answer choices

True

False

Flag question: Question 11Question 112.5 pts

If selling price, per-unit variable cost, and total fixed costs are constant,

Group of answer choices

profit per unit remains constant for all levels of volume within the relevant range

the break-even point in units remains constant

total variable costs equal total fixed costs

total contribution margin equals total fixed costs

Flag question: Question 12Question 122.5 pts

At the break-even point, total contribution margin is

Group of answer choices

zero

equal to total costs

equal to total variable costs

equal to total fixed costs

Flag question: Question 13Question 132.5 pts

If variable cost as a percentage of sales increases, the

Group of answer choices

contribution margin percentage increases

selling price increases

break-even point in units increases

break-even point in dollars increases

None of the above

Flag question: Question 14Question 142.5 pts

All else constant, if the selling price rises,

formula: Break Even (in units) = Fixed costs / (Selling price - VC/unit)

Group of answer choices

total costs will rise

variable cost per unit will fall

CM % will fall

break-even point in units will decrease

None of the above

Flag question: Question 15Question 152.5 pts

If yearly insurance premiums are decreased, this change in fixed costs will result in an increase in the break-even point (in units)

Group of answer choices

True

False

Flag question: Question 16Question 162.5 pts

If fixed costs are $300,000, the unit selling price is $95, and the unit variable costs are $45, what is the break-even sales (units)?

Group of answer choices

3,500 units

3,158 units

6,000 units

14,000 units

None of the above

Flag question: Question 17Question 172.5 pts

If fixed costs are $850,000 and variable costs are 75% of sales, what is the break-even point (dollars)?

Group of answer choices

$1,133,333

$1,983,333

$2,550,000

$3,400,000

None of the above

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

2 Principles Of Financial And Managerial Accounting

Authors: Pollard, Sherry T. Mills, Walter T. Harrison Jr.

0136009891, 978-0136009894

More Books

Students also viewed these Accounting questions

Question

Discuss consumer-driven health plans.

Answered: 1 week ago