Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jerusalem Industrial Company presents the following information for the year 2015: Sales in units 20,000 units; Selling price per unit $25; Variable cost per unit

Jerusalem Industrial Company presents the following information for the year 2015: Sales in units 20,000 units; Selling price per unit $25; Variable cost per unit $15; Total fixed cost $80,000.

Match between the question and the appropriate answer.

Net income for the year 2015 is

Answer 1 Choose... The margin of Safety ratio

Answer 2 Choose... What is the total sale in units to earn a profit of $180,000?

Answer 3 Choose... Contribution Margin ratio is

Answer 4 Choose... The Contribution Margin per unit is

Answer 5 Choose... Compute a new break-even point in units if the selling price is increased by 10%.

Answer 6 Choose... The margin of Safety in units

Answer 7 Choose... The total Contribution Margin for the year is

Answer 8 Choose... The break-even point in dollar is

Answer 9 Choose... How many units must be sold to break even?

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

Cloud Security Auditing

Authors: Suryadipta Majumdar, Taous Madi, Yushun Wang, Azadeh Tabiban, Momen Oqaily, Amir Alimohammadifar, Yosr Jarraya, Makan Pourzandi, Lingyu Wang, Mourad Debbabi

1st Edition

3030231305, 978-3030231309

More Books

Students also viewed these Accounting questions

Question

What are the components of a quality control chart?

Answered: 1 week ago

Question

My Weaknesses.

Answered: 1 week ago

Question

How flying airoplane?

Answered: 1 week ago