Multiple Choice Questions 1. Burger Bob's Boathouse sells only one product. 7,000 units were sold in year, resulting in $70,000 of sales revenue. Variable costs were $28,000 for the year, and fixed costs were $24,000. The Break-even point in volume is: a. 3,000 units b. 4,000 units c. 2,000 units d. 7,000 units 2. How many units would have to be sold to yield a target operating income of $6,000, assuming variable costs are $15 per unit, total fixed costs are $2,000, and the unit selling price is $20? . 4,800 units b. 4,400 units c. 4,000 units d. 1,600 units 3. Delta Merchandising, Inc., has provided the following information for the year just ended: Net sales Beginning inventory Purchases Gross margin $128,500 $24,000 $80,000 $34,450 What was the ending inventory for the company at year-end? a. $65,450. b. $14,050. c. $24,500. d. $9,950.