Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer 1) 2) 3) 4) 5) thanks! 1. Fixed Cost per unit is $5 when 45,000 units are produced and completed and $7.50 when

Please answer 1) 2) 3) 4) 5)
thanks!
image text in transcribed
1. Fixed Cost per unit is $5 when 45,000 units are produced and completed and $7.50 when 30,000 units are produced what is the total fixed costs when nothing is produced and completed? a. $375,000 b. $0 c. $150,000 d. $100,000 e. $225,000 2. Assume Sales are $500,000, variable costs are 60% of sales and operating income is $100,000, what is the total contribution margin dollars? a. $200,000 b. $50,000 c. $450,000 d. $250,000 e. $350,000 3. Contribution Margin dollars are defined as: a. (Sales - Variable Costs)/Sales b. Operating Profit + Sales - Variable Costs c. Operating Profit + Fixed Costs d. (Sales - Fixed Costs) - Variable Costs e. Fixed Costs + Variable Costs 4. If My Company plans to make an operating profit, then: a. Sales price per unit must equal operating profit per unit b. Sales must exceed only fixed costs because variable costs will fluctuate with sales c. Sales must be equal to fixed and variable costs d. Sales must exceed only variable costs e. Sales must exceed variable and fixed costs by the amount of the planned profit 5. The per unit selling price of a product is $65, the unit variable cost is $30 and the total fixed costs are $7,000, What is the current break-even sales units and dollars, respectively? a. 200 and $13,000 b. 233 and $13,000 c. 233 and $65,000 d. 233 and $7,000 e. 200 and $65,000

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

Step: 3

blur-text-image

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

A Framework For Internal Auditings Entity Wide Opinion On Internal Control

Authors: Wanda A. Wallace, Thomas White

1st Edition

0894135317, 978-0894135316

More Books

Students also viewed these Accounting questions

Question

Evaluate the importance of diversity in the workforce.

Answered: 1 week ago

Question

Identify the legal standards of the recruitment process.

Answered: 1 week ago