Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 14 10 points The phone bill for Denver, Inc. consists of both fixed and variable costs. The firm collected four months of data on

image text in transcribed
image text in transcribed
image text in transcribed
QUESTION 14 10 points The phone bill for Denver, Inc. consists of both fixed and variable costs. The firm collected four months of data on its phone usage: Phone Use Total Bill January 460 minutes $4,000 February 210 minutes $2,695 March 170 minutes $2.640 April 300 minutes $2835 Based on the high-low method, how much will the total bill be next month if the firm uses 390 minutes? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar) O A $1,842.60 OB. 86,157 OC. $3,672 OD. 31.829.10 10 points Save An QUESTION 15 Hartford, Inc. sold 3.000 units of its product this month at a sales price of $45 per unit. The variable cost is $25 per unit. Calculate the total contribution margin A S75,000 B. $60,000 OC.$37.500 OD $135,000 10 points Save Answer QUESTION 16 Which of these is not an assumption of cost-volume-profit (CVP) analysis? A The variable costs per unit do not changes volume changes. . Fixed costs do not change as volume changes The only toctor that affects total cos is a change in volume, which increases or decronsos variable and OC mixed costs D. The price per unit changes as volume changes 10 points QUESTION 17 Dover, Inc. has provided the following information about its product: Sales price per unit - $40 Variable cost per unit = $18 . Fixed costs per month = $12,800 How much sales revenue must Dover have each rjonth to break even? (Round your answer to the nearest dollar) O A. $12,800 OB. 5582 OC. $23.273 OD.8711

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 For Beginners

Authors: Neel Gaines

1st Edition

1801120897, 978-1801120890

More Books

Students also viewed these Accounting questions

Question

2. Talk to other teachers or parents about ideas for reinforcers.

Answered: 1 week ago

Question

Explain recruiting technology.

Answered: 1 week ago

Question

Define and operationalize types of employment discrimination.

Answered: 1 week ago

Question

Describe sexual harassment in the global environment.

Answered: 1 week ago