Question 1 Not yet answered Marked out of 1.00 Flag question Roy services (Oil Change) vehicles in his garage. His lubricants cost him $40 per vehicle. His wages are $120 per hour. He spends 20 minutes per vehicle. His garage rent is $600 per month. He charges $140 to service each vehicle. His Total Fixed cost is $400 $600 a. b. c. $720 d. $680 Select one: O a $680 b. $720 C. $600 d. $400 Noyage Simran buys & sells jeans in a store in Metrotown. On 1 July 2020 she had $10,000 of jeans. She purchased $5,000 of jeans during July 2020. She had a closing inventory of $8,000 of jeans as at 31 July 2020. How much of jeans did she sell in July 2020? a) $10,000 b) $7,000 c) $15,000 d) Cannot say Select one: a. Cannot say b. $10,000 c. $15,000 d. $7,000 Question 6 Not yet answered Marked out of 1.00 Flag question Roy services (Oil Change) vehicles in his garage. His lubricants cost him $40 per vehicle. His wages are $120 per hour. He spends 20 minutes per vehicle. His garage rent is $600 per month. He charges $140 to service each vehicle. What is Roger's Break Even Point in dollars is $14,000 a. b. $1,400 C. $40,000 Not possible to calculate d. Select one: O a. $1,400 O b. $40,000 c. Not possible to calculate O d. $14,000 Homo Courses Managerial Accounting QUIZ Question 13 Not yet answered Marked out of 1.00 Flag question Roy services (Oil Change) vehicles in his garage. His lubricants cost him $40 per vehicle. His wages are $120 per hour. He spends 20 minutes per vehicle. His garage rent is $600 per month. He charges $140 to service each vehicle. His Contribution Margin in servicing each vehicle is a $60 b. $80 c. $100 d. $180 Select one: a $180 b. $80 c. $60 O d. $100 Question 15 Not yet answered Marked out of 1.00 Flag question Roy services (Oil Change) vehicles in his garage. His lubricants cost him $40 per vehicle. His wages are $120 per hour. He spends 20 minutes per vehicle. His garage rent is $600 per month. He charges $140 to service each vehicle. His Contribution Ratio in servicing each vehicle is 43% a b. 86% C 120% d. Not possible to calculate Select one: a. Not possible to calculate O b.86% O c. 43% O d. 120% Using equation method, Break-even point is calculated as a) Sales = Variable expenses + Fixed expenses + Profit b) Sales = Variable expenses + Fixed expenses - Profit c) Sales = Variable expenses - Fixed expenses + Profit d) Not possible to calculate Select one: a. Sales = Variable expenses - Fixed expenses + Profit b. Sales = Variable expenses + Fixed expenses + Profit c. Not possible to calculate d. Sales = Variable expenses + Fixed expenses - Profit Not yet answered Marked out of 1.00 Flag question Roy services (Oil Change) vehicles in his garage. His lubricants cost him $40 per vehicle. His wages are $120 per hour. He spends 20 minutes per vehicle. His garage rent is $600 per month. He charges $140 to service each vehicle. How many cars does he need to service to achieve Break Even Point? 100 a. b. 10 C. 400 d. Not possible to calculate Select one: O a. 10 b. 100 c. Not possible to calculate d. 400