Part I1- Malhiple Choice (22.5 points) J. The point of sero profit is called the profit-volume point. c break-even point d farnget-profit point. 2 Which of the following formulas is used to calculate break-even point in units? a. Break -even point in units-Total costs/ Unit contribution margin b Break-even point in units Sales/Fixed costs c. Break-even point in units -Sales/Unit variable cost d. Break-even point in units Total fixed costs /(Price - Unit variable cost) 3, The variable cost ratio a expresses variable costs as a percentage of total costs b. expresses the proportion berween fixed costs and variable costs. e expresses variable cost in terms of sales dollars expresses the a profit. d proportion of sales dollars available to cover fixed costs and provide for 4. Sales x Contribution Margin is a short-cut of what formula? a Sales-(Variable cost ratio x Sales) b. Sales (Fixed Costs+ Variable Costs) c. Sales/Fixed Costs d. Fixed Costs/Unit Contribution Margin 5. Which of the following is NOT a use of CVP (Cost-Volume-Profit) analysis? a. the ability to conduct sensitivity analysis of cost or price changes b. the identification of price and efficiency variances c. how many units must be sold to break even d. what is the impact on the break-even point of an increase or decrease in fixed costs 6. Total contribution margin is calculated by subtracting a. cost of goods sold from total revenues. b. fixed costs from total revenues. c. total manufacturing costs from total revenues. d. total variable costs from total revenues