Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MULTIPLE CHOICE. Choose the one alternatie 1) Which of the following costs change in total indic A) Variable costs B) period costs e the question

image text in transcribed
MULTIPLE CHOICE. Choose the one alternatie 1) Which of the following costs change in total indic A) Variable costs B) period costs e the question w a dangi fundows D) mixed costs 2) A 15% increase in production volume wi A) 15% increase in total miedot C 15% increase in total variable costs n a B) 15. Increase in the variable cost per unit D) 15% ince in total administration costs 3) 3) Mcleod, Inc. incurred fixed costs of SV 000. Total t ud and variable, ane $500,000 when 59,000 units are produced. It sold 35.000 units during the year l (Round your answer to the nearest cent) ate the variable cost per unit A) $5.08 B) $3.39 514.29 D) $8.47 4) Carrabelle Company has provided the following information Sales price per unit Variable cost per unit Fixed costs per month $56 12 $12.000 Calculate the contribution margin ratio, (Round your answer to two decimal places.) A) 78.57% B) 82.35% 64.71% D) 21.43% 5) Choice Creations, Inc. sells hand sewn shirts at $58.00 per shirt. It incurs monthly fixed costs of $8000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.) A) $58.00 per shirt B) $40.60 per shirt $75.40 per shirt D) $17.40 per shirt 6) Which of the following is a period cost? A) direct materials cost administrative cost B) manufacturing overhead D) direct labor cost 7) 7) Robusta Coffee Importers sold 7000 units in October at a sales price of $45 per unit. The variable cost is $20 per unit. The monthly fixed costs are $8000. What is the operating income eamed in October? A) $140,000 B) $167,000 9 $175,000 D) $315,000 8) 8) Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75 per unit. The monthly fixed costs are $8500. Its current sales are 29,000 units per month. If the company wants to increase its operating income by 20%, how many additional units must it sell? (Round any intermediate calculations to two decimal places and your final answer up to the nearest whole unit.) A) 130,500 glass vases B) 34,182 glass vases 5182 glass vases D) 8500 glass vases

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

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Stuart Manson

3rd Edition

1861529465, 9781861529466

More Books

Students also viewed these Accounting questions

Question

List six common functional budgets.

Answered: 1 week ago

Question

What is the formula to calculate the mth Fibonacci number?

Answered: 1 week ago

Question

To what microcultural groups do you belong?

Answered: 1 week ago