Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On the CVP graph, the next unit sold will increase total cost by an amount equal to the Select one: a. Difference between contribution margin

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
On the CVP graph, the next unit sold will increase total cost by an amount equal to the Select one: a. Difference between contribution margin and fixed costs b. Contribution margin ratio Selling price per unit d. Selling price per unit minus the variable costs per unit e. Variable costs per unit XYZ company is studying the profitability of a change in operation and has gathered the following information. Current Operation: Fixed Costs: $38,000, Selling Price: $15, Variable Cost: $10, and Sales (Units): 9,000. Anticipated Operation: Fixed Costs: $48,000, Selling Price: $22, Variable Cost: $12, and Sales (Units): 6,000. Should XYZ company make the change? on Select one: a. Yes, the company will be better off by $5,000. b. It is impossible to judge because additional information is needed. c. No, because sales will drop by 3,000 units. d. No, because the company will be worse off by $22,000. e. No, because the company will be worse off by $5,000. High-low and regression cost estimation methods are alike in that they both: Select one: a. Have an intercept term but not a slope term. b. Provide the same accuracy and reliability c. Have a slope term but not an intercept term. d. Have an intercept term and a slope term n Suestion 8 High-low and regression cost estimation methods are alike in that they both arked out of 60 Pag question Select one a. Have an intercept term but not a slope term. b. Provide the same accuracy and reliability Have a slope term but not an intercept term. d. Have an intercept term and a slope term. son 9 wered arked out at 0 XYZ Company uses the high-low method to analyze mixed costs. During the year, the highest level of activity was in May and the lowest level of activity was in February. In February, the company worked 11,00 hours and had a total cost of $46,300. In May, the company worked 27,000 hours and had a total cost of $110,300. What is the estimated total cost at an operating level of 18,000 hours? Flag question Select one: a. None of the answers given b. $48,050 $78,300 d. $82.300 e $74,300 XYZ Company's product has a contribution margin per unit of $12 and a variable cost ratio of 60%. What is the selling price of the product? Select one a. $40 b. $50 c $37.5. d. $30 e $24. XYZ Company incurred the following costs for the month of August when it observed an activity level of 5,000 units: Variable costs $32,500; Fixed costs $25,000; Mixed costs $21,500; Total costs $79,000. During October, the activity level was 16,000 units, and the total costs incurred were $178,000. If the activity level were expected to be 12,000 units for the month of December, what amount of total costs would be expected? Select one a. $160,000 b. None of the answers given c5151,000 d. 5169.000 e. $142.000

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_2

Step: 3

blur-text-image_3

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

Accounting Principles Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

9th Canadian Edition

978-1119786634, 1119786630

More Books

Students also viewed these Accounting questions