question 1

Evaluate the following statements:

1. Supervisor salaries and indirect materials are factory overhead
2. Factory utility costs and direct material costs are product costs and prime costs
3. The sales commissions paid are variable costs and period costs

Group of answer choices

Only Statement #2 is true

All of the Statements are true

Both Statements #2 and #3 are true

All of the Statements are false

Both Statements #1 and #3 are true

Only Statement #1 is true

Both Statements #1 and #2 are true

Only Statement #3 is true

question 2

Eminli Production Company has the following information related to its only product:

Selling Price per unit	$50
Variable Cost per unit	$30
Current level of Sales in units	10,000 units
Current Net Income when 10,000 units are sold	$40,000

Evaluate these statements:

1. If Eminili's sales increase 15% next year, his net income will increase 75%.
2. If Eminili would like to increase his net income to be a total of $100,000 he will need to sell 13,000 units.
3. Eminli's breakeven in units is 8,000 units.

Group of answer choices

Both Statement #1 and #3 are true

All of the Statements are true

All of the Statements are false

Both Statement #1 and #2 are true

Only Statement #1 is true

Only Statement #3 is true

Both Statement #2 and #3 are true

Only Statement #2 is true

question 3

MCC Industries sells three products. MCC's monthly fixed costs are $656,000. Information about their 3 products are as follows:

	Product A	Product B	Product C
SP per Unit	$500	$180	$100
VC per Unit	$400	$150	$90
Sales Mix Ratio	30%	20%	50%

___________ units of B will be sold at breakeven.