Question 15 pts

1. Which of the following is not a period cost?

Group of answer choices

Production supervisor's salary

Advertising expenditures

Interest expenditures

customer and service expenditures

Flag question: Question 2Question 25 pts

1. As volume increases within the relevant range,

Group of answer choices

Variable expenses will decrease per unit and remain constant in total.

Fixed expenses will increase per unit and remain constant in total.

Variable expenses will stay constant per unit and fixed expenses will stay constant in total.

Variable expenses will increase per unit and fixed expenses will decrease per unit.

Flag question: Question 3Question 35 pts

1. Stephanie's Bridal Shoppe sells wedding dresses. The average selling price of each dress is $1,000, variable costs are $400, and fixed costs are $90,000.

How many dresses must the Bridal Shoppe sell to yield after-tax net income of$18,000, assuming the tax rate is 40%?_________

Flag question: Question 4Question 45 pts

Table 1

Joel Company sells only one product. Managers estimate that the company will sell 3,500 units of the product each month. The relevant information about the product line of Joel Company appears below:

Sales price $150 per unit

Variable expenses $75 per unit

Total fixed expenses $24,000 per month

1. Refer to Table 1. Joel Company's contribution margin ratio is _______

Flag question: Question 5Question 55 pts

Table 1

Joel Company sells only one product. Managers estimate that the company will sell 3,500 units of the product each month. The relevant information about the product line of Joel Company appears below:

Sales price $150 per unit

Variable expenses $75 per unit

Total fixed expenses $24,000 per month

1. Refer to Table 1. Breakeven sales in units would be _____________

Flag question: Question 6Question 65 pts

Table 1

Joel Company sells only one product. Managers estimate that the company will sell 3,500 units of the product each month. The relevant information about the product line of Joel Company appears below:

Sales price $150 per unit

Variable expenses $75 per unit

Total fixed expenses $24,000 per month

1. Refer to Table 1. If Joel Company's fixed expenses would increase by $3,000, the new breakeven dollar sales would be _________

Flag question: Question 7Question 75 pts

Table 1

Joel Company sells only one product. Managers estimate that the company will sell 3,500 units of the product each month. The relevant information about the product line of Joel Company appears below:

Sales price $150 per unit

Variable expenses $75 per unit

Total fixed expenses $24,000 per month

1. Refer to Table 1. Joel Company's goal for the month of June is to earn a target operating income of $18,000. How many units must be sold to achieve this goal? ________

Flag question: Question 8Question 85 pts

1. Which of the following assumptions about CVP analysis is false?

Group of answer choices

Volume is the sole cost driver while other possible cost drivers remain constant.

The margin of safety may be calculated as the difference between total fixed expenses and total variable expenses.

Cost-volume-profit relationships are linear over a wide range of sales.

The sales mix of products remains constant during the period.

Flag question: Question 9Question 95 pts

1. Mound Company sells two products: Regular and Deluxe. Mound sells two Regular for every three Deluxe. The Regular sells for $15 each with variable expenses of $9, while the Deluxe sells for $20 each with variable expenses of $12. Assuming fixed expenses of $18,000, calculate the breakeven point in units.

The breakeven points in units for Deluxe is _________

Flag question: Question 10Question 105 pts

The following information pertains to questions 10-12 regarding Scott's Production Company:

Beginning finished goods, 1/1/2018	$ 40,000
Ending finished goods, 12/31/2018	33,000
Cost of goods Sold	250,000
Sales revenue	600,000
Operating expenses	120,000

1. What is cost of goods manufactured for 2018? ________