Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 12 Marigold Corp. produces flash drives for computers, which it sells for $20 each. The variable cost to make each flash drive is $13.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Question 12 Marigold Corp. produces flash drives for computers, which it sells for $20 each. The variable cost to make each flash drive is $13. During April, 550 drives were sold. Fixed costs were $1400 for the month. How much is the monthly break-even level of sales in dollars for Marigold? 0 $4000 O $16500 O $2200 O $200 Question 16 For Sheridan Company, sales is $400000, variable expenses are $212000, and fixed expenses are $140000. Sheridan's contribution margin ratio is 0 53%. 35%. 12%. 47%. Question 17 For Vaughn Manufacturing, sales is $2700000, fixed expenses are $680000, and the contribution margin ratio is 36%. What is net income? O $244800 0 $972000 O $292000 0 $727200 Question 18 For Marigold Corp., sales is $2000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $500000? O $3888889 O $5555556 O $1388889 O $2500000 Question 20 Waterway Industries has a weighted average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales for Waterway are 70000 Standard and 30000 Supreme. Fixed expenses are $1800000. How many Standards would Waterway sell at the break-even point? 0 70000. 0 60000. 18000. O O 42000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting What The Numbers Mean

Authors: David Marshall, Wayne William McManus, Daniel Viele

6th Edition

0072834641, 978-0072834642

More Books

Students also viewed these Accounting questions