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7 B Use the following information for the next 4 questions: Brad Sherwood Corporation sells two types of computers; one is designed for audio applications and the other for video applications. Sherwood incurs $300,125 in fixed costs. The sales mix is 75% audio computers and 25% video computers. Audio Video 1 Per unit data Computer Computer 2 Selling price $ 1,500 $ 1,750 3 Variable costs $ 1,100 $ 1,200 Contribution margir $ 400 $ 550 5 505: The weighted average contribution margin is 7 A) $1,125.00 3 B) $475.00 C) $375.00 D) 437.50 Formula Sheet Part1 - MCQ - Theory (11 marks) Part2 - MCQ - CV alculation Mode: Automatic Workbook Statistics D) 437.50 0 1 2 3 06: The break-even point in units is 4 A) 632 5 B) 800 6 C) 267 7 D) 686 8 9 0 07: How many audio computers will be sold at the break-even point? 7 A) 477 2 B) 158 3 C) 515 4 D) 172 5 5 7 08: What will be the total contribution margin at the break-even point? 3 A) $225,000 = Formula Sheet Part1 - MCQ - Theory (11 marks) Part2 - MCQ Calculation Mode: Automatic Workbook Statistics ? IO @ # $ % D 6 H a8: What will be the total contribution margin at the break-even point? A) $225,000 B) $372.250 C) $276,000 D) $300,125 09: The owner of the company wants a Net Income of $120,000 annually and a contribution margin ratio of 35%. The company has a 30% tax rate and fixed costs of $110,000. What operating income does the owner expect? A) $171,429 B) $157,143 C) $184,615 D) $169,230 Formula Sheet Part1 - MCQ - Theory (11 marks) Part2 - MCQ-C culation Model Automatic Workbook Statistics $ 2 # 3 E @ % 5 D 6