lem #14 of 14 Which of the following is true of the break-even point in sales dollars in a multiple- product setting? O a. It stresses on building a package contribution margin. O b. It provides detailed information concerning individual product performance. O c. It requires individual product information. Od. It implicitly uses the assumed sales mix of the products. blem #13 of 14 Which of the following is true of cost-volume-profit (CVP) analysis? O a. Cost-volume-profit analysis assumes that cost and revenue functions are non-linear. O b. Cost-volume-profit analysis considers inventory as it embodies costs of a previous period. O c. Cost-volume-profit analysis assumes that all units produced are sold. O d. Cost-volume-profit analysis is a long-run decision-making tool. Sapphire sells two products: ordinary laptops and premium laptops. Ordinary lapto are priced at $595 each and premium laptops are priced at $1,210 each. The variable cost per unit is $555 per ordinary laptop and $1,140 per premium laptop. Total fixed cost is $126,500. Sapphire's expected sales mix is four ordinary laptops one premium laptop. Calculate the break-even point in units for ordinary laptops. O a. 470 laptops Ob. 2,200 laptops O c. 1,140 laptops O d. 550 laptops h E-TEST em #11 of 14 A company's contribution margin is $110 per unit at a sales level of 4,800 units. The company's operating income is $34,000. The company's operating leverage is closest to (Round-off the answer to one decimal place.) O a. 14.6 O b. 15.5 O c. 17.7 O d. 16.6 ho E-TEST em 49 of 14 Which of the following is an assumption of cost-volume-profit analysis? O a. The units manufactured are always more than units sold. O b. Sales mix is unknown for multiple-product break-even settings. O c. Selling prices and costs are known with certainty. O d. Cost and revenue functions are curved functions. lem #3 of 14 The Northern Co. manufactures office chairs. The following information for the month of June is available: $140 Selling price per chair Variable cost per chair Total fixed cost 60 100,000 The company's break-even point in units is: O a. 1,250 chairs. O b. 1,335 chairs. O c. 1,125 chairs. O d. 1,430 chairs. em #2 of 14 Stephen makes and sells cakes through bakeries. He knows he must sell 450 cakes a month to break even. Every cake has a contribution margin of $1.08. So far this month, Stephen has sold 960 cakes. How much has Stephen earned so far this month in operating income? a. $957 O b. $550.8 O c. $588 O d. $1,036.8