Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Masirah Company sold 5,000 units of its product resulting in $70,000 of sales revenue, $15,000 of variable costs, and $14,000 of fixed costs. If variable
Masirah Company sold 5,000 units of its product resulting in $70,000 of sales revenue, $15,000 of variable costs, and $14,000 of fixed costs. If variable costs decrease by $1 per unit, the new margin of safety in units is 133 100 None of the given answers o units 5,000 b O units 3,727 .co units 3,833 do units 1,167 e o 14 ?Which of the following statements related to CVP chart is not true 0.60 The intercept between the total cost line on a graph and the y-axis determines variable cost .ao .None of the given answers .b O .To determine the variable cost per unit from a graph, the change in cost is divided by the change in units.co To calculate the total fixed cost from a graph is by multiplying a level of volume by the variable cost per unit.d O .found out earlier and subtracting that from the total cost for that level of volume .The slope of the total cost line determines the variable cost per unite O The high-low method is a way to estimate the cost behavior by graphically connecting the two cost amounts of O identified with the highest and lowest volume levels
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started