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NCT Managerial Accounting CVP Practice Problems - Students MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The

NCT Managerial Accounting CVP Practice Problems - Students MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The following information pertains to the Green Dog Corporation: Total Units for information given 7,000 Fixed Cost per Unit $50 Selling Price per Unit $325 Variable Costs per Unit $225 Target Operating Income $100,000 How many units need to be sold in order to reach the target profit? (Round your final calculation to the nearest unit.) 2) Magic Muffin produces and sells a variety of muffins. The selling price per dozen is $11, variable costs are $4 per dozen, and total fixed costs are $4,900. How many dozen muffins must the company sell to break even? 3) Assume the following amounts: Total fixed costs $17,000 Selling price per unit $16 Variable costs per unit $11 If sales revenue per unit increases to $17 and 9,000 units are sold, what is the operating income? 4) Xena Company provides the following information about its single product. Targeted operating income $51,830 Selling price per unit $6.85 Variable cost per unit $4.25 Total fixed cost $111,540 How many units must be sold to earn the targeted operating income? (Round the final answer up to the nearest unit.) 5) If target sales in units is 100,000, total fixed expenses are $8,000, and the unit contribution margin is $0.20, what is the target operating income?

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