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Question: The Renaissance Man Clothing Company experienced the following costs in 2007: There was no beginning inventory. During the year the company manufactured 67,000 units. If net income using variable and full costing was $245,000 and $205,700, respectively, how many units did the company sell in 2007? A B C D 61,760 73,000 72,240 61,000 Uma's Used Autos has fixed costs of $7,000 per month. If each car is sold for $350 more than Alma paid for it, how many cars must Uma sell in a month in order to break even? A B C D 20 cars 50 cars 5 cars 30 cars Assume that 500,000 CDs are produced and 450,000 are sold in 2008. What is ending inventory under variable costing? A B C D $150,000 $200,000 $250,000 $300,000 The Outdoor Adventure Company experienced the following costs in 2007: There was no beginning inventory. During the year the company sold 172,000 units. If net income using full and variable costing was $824,000 and $789,000, respectively, how many units did the company produce in 2007? A 173,813 B 174,800 C 177,263 D 169,200 The Captain Carl Company experienced the following costs in 2007: During the year the company manufactured 50,000 units and sold 45,000 units. If net income for the year was $265,000 using full costing, what would net income be if the company used variable costing? Assume no beginning inventories. A B C D $250,000 $265,000 $270,000 $450,000 Syed Company needs to reduce the selling price of its product in order to be competitive. Currently, Syed has fixed costs of $346,400 and variable costs per unit of $2.50. If Syed can sell 80,000 units, what price should it charge in order to break even? A B C D $7.44 $4.33 $6.83 $17.05