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Multiple Choice Question 133 Bonita Industries has fixed costs of $640000 and variable costs are 20% of sales. How much will Bonita report as sales
Multiple Choice Question 133 Bonita Industries has fixed costs of $640000 and variable costs are 20% of sales. How much will Bonita report as sales when its net income equals $70000? $887500 $142000 O $3550000 $870000 Multiple Choice Question 156 Concord Corporation had actual sales of $800000 when break-even sales were $600000. What is the margin of safety ratio? 75% 33% 25% 67% Multiple Choice Question 88 If a company had a contribution margin of $2000000 and a contribution margin ratio of 40%, total variable costs must have been O $1200000. $5000000. $800000 0 $3000000 iltiple Choice Question 86 effield Corp. produces flash drives for computers, which it sells for $25 each. Each flash drive costs $12 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were 000. How much is the contribution margin ratio? 56% 44% 52% 60% 25% 67% Multiple Choice Question 88 If a company had a contribution margin of $2000000 and a contribution margin ratio of 40%, total variable costs must have been $1200000. $5000000. $800000. $3000000 ultiple Choice Question 86 effield Corp. produces flash drives for computers, which it sells for $25 each. Each flash drive costs $12 of variable costs to make. During April, 1000 drives were sold. Fixed costs for Al 000. How much is the contribution margin ratio? 56% )44% 52% 60%
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