Question 1//// Identifying variable, fixed, and mixed costs: Toys.VariableFixedMixedQuestion 2/// Identifying variable, fixed, and mixed costs: Afternoon snacks.VariableFixedMixedQuestion 3///Identifying variable, fixed, and mixed costs: Wages of after-school employees.6VariableFixedMixedQuestion 4///Identifying variable, fixed, and mixed costs: Drawing paper for students' artwork.VariableFixedMixedQuestion 5///Identifying variable, fixed, and mixed costs: Compensation of the office manager, who receives a salary plus a bonus based on number of students enrolled.VariableFixedMixedQuestion 6///Holly's Day Care has been in operation for several years. Identify each cost as variable (V), fixed (F), or mixed (M), relative to number of students enrolled.? Building rent.? Lawn service contract at $200 per month.?Holly's salary.Straight-line depreciation on furniture and playground equipment.Fee paid to security company for monthly serviceMultiple ChoiceIdentifying variable, fixed, and mixed costs: Building rent.VariableFixedMixedQuestion 7///Identifying variable, fixed, and mixed costs: Lawn service contract at $200 per month.VariableFixedMixedQuestion 8//Identifying variable, fixed, and mixed costs: Holly's salary.VariableFixedMixedQuestion 9//identifying variable, fixed, and mixed costs: Straight-line depreciation on furniture and playground equipment.VariableFixedMixedQuestion 10//Identifying variable, fixed, and mixed costs: Fee paid to security company for monthly service.VariableFixedMixed Question 11//Identifying variable, fixed, and mixed costs: Fee paid to security company for monthly service.1PointVariableFixedMixedQuestion 12//The High-Low formula to calculate the variable cost per unit is:Variable Cost Per Unit = Change in total cost /Change in volume of activityVariable Cost Per Unit = Change in volume ofactivity Change in total costFixed Cost Per Unit = Change in total cost / Changein volume of activityFixed Cost Per Unit = Change in volume of activityChange in total costQuestion 13// Contribution margin ratio =Net sales revenue - variable costsNet sales revenue / variable costsContribution margin / net sales revenueNet sales revenue / contribution marginQuestion 14///If Railway's fixed costs total $90,000 per month, the variable costs per passenger is $45 and tickets sell for $75, what is the contribution margin per unit?S30S45$75Question 15//If Railway's fixed costs total $90,000 per month, the variable costs per passenger is $45 and tickets sell for $75, what is the contribution margin per unit and the contribution margin ratio?6$45 per unit, 60%$30 per unit, 60%$30 per unit, 40%$45 per unit, 40%Question 16///Mackler, Inc. sells a product with a contribution margin of $50 per unit. Fixed costs are $8,000 per month. How many units must Mackler sell to break even?180160140120Question 17//Ocean Company sells a product with a contribution margin ratio of 50%. Fixed costs are $2,500 per month.What amount of sales (in dollars) must Ocean Company have to break even?S12.500S10.000$5.000$15,000Question 18//Sales revenue - variable costs = contribution margin.If variable costs are 80%, contribution margin ratio is100%80%40%20%Question 19//Green Company sells a product with a contribution margin ratio of 50%. Fixed costs are $15,000 per month.What amount of sales (in dollars] must Green Company have to earn a profit of $25,000?$60.000$80,000$100,000$120,000Question 20///Funday Park competes with Cool World by providing a variety of rides.Funday Park sells tickets at $70 per person as a one-day entrance fee.Variable costs are $42 per person, and fixed costs are $170,800 per month.Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even.$70, 2,440 tickets$42, 4,067 ticketsS28, 6,100 ticketsSIl2, 1,525 ticketsQuestion 21///Funday Park competes with Cool World by providing a variety of rides.Funday Park sells tickets at $70 per person as a one-day entrance fee.Variable costs are $42 per person, and fixed costs are $170,800 per month.Compute Funday Park's contribution margin ratio. Use the contribution margin ratio approach to determine the sales revenue Funday Park needs to break even.S427,0005683.000$854,000Question 22//Funday Park competes with Cool World by providing a variety of rides.Funday Park sells tickets at $70 per person as a one-day entrance fee.Variable costs are $42 per person, and fixed costs are $170,800 per month.Suppose Funday Park cuts its ticket price from $70 to $56 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars.10 Points6,100 tickets, $427.00012,200 tickets, $683,00012,200 tickets, $854,000Question 23///Funday Park competes with Cool World by providing a variety of rides.Funday Park sells tickets at $70 per person as a one-day entrance fee.Variable costs are $42 per person, and fixed costs are $170.800 per month.Ignore the information in the previous slide. Instead, assume that Funday Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven point in tickets and in sales dollars10 Points6.100 tickets, $427,00012.200 tickets, $683,20012,200 tickets, $854,000

Identifying variable, fixed, and mixed costs: Toys. O Variable Fixed Mixed Skip for Now SaveIdentifying variable, fixed, and mixed costs: Afternoon snacks. Variable O Fixed Mixed Save Skip for Now