Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if fixed costs are $728,400, the unit selling price is $42, and the unit variable costs are $27, what is the break-even sales (units) if

if fixed costs are $728,400, the unit selling price is $42, and the unit variable costs are $27, what is the break-even sales (units) if target profits are increased by $330,930?

A) 26,498

B) 22,062

C) 48,560

D) 70,622

if the contribution margin ratio for 4 Zsons Company is 30%, sales were $843,000 and fixed costs were $113,295, what was the income from operations?

A) 252,900

B) 139,605

C) 158,200

D) 377,650

Period Costs:

A) are expensed as costs are incurred for direct labor, direct material and factory overhead

B) appear on both the income statement and balance sheet

C) appear only on the income statement and balance sheet

D) appear only on the balance sheet

If sales are $740,000, variable costs are $466,200, and operating income is $31,500, what is the contribution margin ratio?

A) 63.0%

B) 32.7%

C) 41.3%

D)37.0%

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

Surviving An IRS Tax Audit

Authors: Frederick W. Daily

3rd Edition

1413318649, 978-1413318647

More Books

Students also viewed these Accounting questions

Question

2. What are your challenges in the creative process?

Answered: 1 week ago