Q1:

If a business had sales of $3,901,000 and a margin of safety of 20%, the break-even point was

$4,681,200

$7,021,800

$780,200

$3,120,800

Q2:

If fixed costs are $882,000 and variable costs are 63% of sales, what is the break-even point in sales dollars?

$555,660

$2,383,784

$3,265,784

$1,437,660

Q3:

A firm operated at 80% of capacity for the past year, during which fixed costs were $195,000, variable costs were 70% of sales, and sales were $933,000. Operating profit was

$67,920

$279,900

$653,100

$84,90

Q4:

Magnolia, Inc. manufactures bedding sets. The budgeted production is for 18,800 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,150 yards with the desired ending balance of 3,900 yards of material. If the material costs $8.10 per yard, determine the materials budget for the year. $