Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prater Company has provided the following data: This Year Last Year 300.000 $1.300,000 $1,050,000 Units Solo Sales Revenue Less. Cost of Goods Sold 910000735,000 Gross
Prater Company has provided the following data: This Year Last Year 300.000 $1.300,000 $1,050,000 Units Solo Sales Revenue Less. Cost of Goods Sold 910000735,000 Gross Margin Less: Operating Expenses 272.000 260000 Operating income 250,000 $390.000 315,000 118,0005,900 21. What is the best estimate of the company's variable operating expense per unit? Select one: a. $0.24 per unit b. $0.91 per unit C. $0.96 per unit d. $4.17 per unit Question 22 Not yet answered Marked out of 2.00 F Flag question 22. Scott Company's variable expenses are 72% ofsales. The company's break-even point in 5ales is $2,450,000. Ifsales are $60,000 below the break-even point, what operating loss would the company report? Select one: a. $43,200 e b. $60,000 C. $16,800 O d$626,000. Question 23 ot yet erswered Merked out of 2.00 P Flag question 23. Perry Company reported operating profits of $4,200; and total variable expenses of$66,000. Variable costs per unit are $6 per unit. The unit contribution margin was $3.00. What is the break-even point in units for Perry Company? Select one: a. 11,000. O b, 9.600. C. 22.000. O d. 12.400. Question 24 Nt yec answered Marked out of 200 P Flag question 24. Carver Company produces a product that sells for $30. Variable manufacturing costs are $15 per unit. Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A selling commission of 10% of the selling price is paid on each unit sold. What is the contribution margin per unit? Select one: () b. $15 d. $12
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started